None
DE
REA, Ecotech sign deal to boost local solar manufacturing
['Kehinde Victor', 'Kehinde Victor Is A Business Journalist', 'Communications Strategist With Experience Reporting On Aviation', 'Energy', 'Finance', 'Public Policy In Nigeria. She Covers How Regulation', 'Capital', 'Institutional Decisions Shape Markets', 'With A Focus On Accountability', 'Governance']
BizWatchNigeria.Ng
Key pointsREA and Ecotech sign agreement for annual offtake of 200MW of locally manufactured solar panels and 200MWh of battery storage systems.
Government says the partnership will reduce import dependence, create jobs and deepen local manufacturing.
Main storyThe Rural Electrification Agency (REA) and Ecotech Development Nigeria Limited have signed a Joint Development Agreement aimed at expanding local solar manufacturing, strengthening technology transfer and accelerating Nigeria’s renewable energy industrialisation.
Aliyu said more than 85 million Nigerians, representing about 40 per cent of the population, still lacked reliable access to grid electricity, making local manufacturing critical to accelerating electrification.
Bottom lineThe REA-Ecotech agreement marks a significant step towards building Nigeria’s domestic renewable energy manufacturing industry while supporting electrification, job creation and the country’s broader industrialisation objectives.