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May 6, 2014

SkyPower FAS Energy to set up 3,000MW solar power projects in Nigeria

SkyPower FAS Energy has entered into agreements with both the Federal Republic of Nigeria Government and the Delta State of Nigeria Government for the setting up of utility-scale solar photovoltaic (PV) projects totalling 3,000MW within Nigeria and the Delta State of Nigeria.

SkyPower FAS Energy has entered into agreements with both the Federal Republic of Nigeria Government and the Delta State of Nigeria Government for the setting up of utility-scale solar photovoltaic (PV) projects totalling 3,000MW within Nigeria and the Delta State of Nigeria.

Set to be developed within the next five years, the multi-phase projects will result in the production of clean, sustainable and cost-effective electricity to meet the growing energy needs of Nigeria.

The company will work with both of the governments on the planning, financing and construction of the projects for the Nigerian power grid.

According to SkyPower FAS Energy, commercial operation of the projects will begin in phases starting in 2015.

SkyPower Global president and CEO Kerry Adler said the signing of key agreements for solar PV projects would have a good impact on the state and country’s GDPs, resulting in increased employment and skills training.

"The company will work with both of the governments on the planning, financing and construction of the projects for the Nigerian power grid."

"We applaud the leadership of the Delta State and Federal Nigerian Governments for embracing this initiative and demonstrating their continued commitment to reduce carbon emissions and harness the proven power of solar PV," Adler said.

SkyPower FAS Energy general manager Sabri Asfour said the latest agreements indicates Nigeria’s commitment to clean, renewable energy.

"SkyPower FAS Energy’s combined expertise in infrastructure development and construction will generate a large number of new jobs, support skills development, and increase prosperity in the regions of the country where these solar projects will be built," Asfour said.

SkyPower FAS Energy, which is a joint venture between SkyPower Global and FAS Energy, focuses on the development and construction of utility-scale solar PV projects across the Middle East and North Africa region.

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