Lagos to construct multi-million dollar lithium battery assembly facility

• Lagos State's politician has promised to conception a $150 cardinal lithium artillery assembly installation successful the Lekki Free Trade Zone
• This is successful absorption to the unpredictable electrical proviso that has caused important harm to the state's companies
• To grow entree to renewable vigor successful Lagos State, Sanwo-Olu besides inked a MOU with the Rural Electrification Agency

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Babatunde Sanwo Olu, the politician of Lagos State, has pledged to physique a $150 cardinal lithium artillery assembly works astatine the Lekki Free Trade Zone successful effect to the erratic energy proviso that has severely damaged businesses successful the state.

Sanwo-Olu, underlined the necessity of strategical alliances successful tackling vigor concerns. Photo Credit: FG
Source: Getty Images

To foster section creativity and expertise, helium besides pledged to found a university focused connected renewable energy.

Through his lawman governor, Dr. Obafemi Hamzat, Sanwo Olu besides signed a memorandum of knowing (MoU) with the Rural Electrification Agency (REA) to summation entree to renewable energy successful Lagos State, with a peculiar accent connected utilizing rooftop star systems to powerfulness nationalist institutions.

Signed astatine the Lagos State Energy Summit, Daily Sun reported that the statement is simply a large measurement guardant for the REA's State-by-State Initiative and supports the Federal Government's efforts to grow sub-national entree to vigor nether the 2023 Energy Act.

The caller practice volition alteration the improvement of sustainable, distributed vigor solutions crossed Lagos, truthful tackling the wide usage of implicit 4 cardinal diesel generators successful the state.

Sanwo-Olu, underlined the necessity of strategical alliances successful tackling vigor concerns.

Plans for Nigeria's archetypal floating star PV works (8MW) to powerfulness Lagos State University are among the important projects nether the caller statement that REA's Managing Director/CEO, Abba Abubakar Aliyu, said.

Abba Aliyu, REA's Managing Director, stated successful his remarks that the collaboration volition besides beforehand the World Bank-supported Distributed Access done Renewable Energy Scale-up (DARES) programme and the National Public Sector Solarisation Initiative (NPSSI).

Solar sheet mill opens successful Lagos

LPV Technologies, a Nigerian star vigor company, has opened a caller star sheet factory successful Lagos. The institution is urging the authorities to prohibition the importation of star panels to promote section production.

Nigeria struggles with vigor shortages, arsenic lone astir 60% of the state has entree to electricity. Solar powerfulness is seen arsenic a bully alternative, particularly for agrarian areas.

Yinka Adelodun, the Executive Director of LPV Technologies, said the caller installation was built to tackle large problems successful the renewable vigor sector, specified arsenic proviso concatenation delays and over-reliance connected imported panels.

FG insists connected ending star sheet imports

Legit.ng reported that amid the situation successful Nigeria’s powerfulness sector, the importation of photovoltaic star panels has risen successful caller years, present amounting to astir N200 cardinal annually.

However, the national authorities has insisted connected ending the importation of star panels arsenic a means to prevention the much-needed overseas speech and trim unit connected the naira.

The authorities is alternatively looking successful a antithetic absorption and has precocious revealed what volition beryllium the alternate to star sheet imports.

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Source: Legit.ng