Private sector’s adoption of renewable energy is critical to meeting climate targets – PPC

According to PPC Limited, Nigeria’s leading integrated solutions, engineering, and infrastructure development company, widespread private sector adoption of renewable energy technology will accelerate the diversification of Nigeria’s energy and power supply sources as the country moves toward energy transition.

According to a statement obtained by Vanguard from Engr Kelechi Onuigbo, Head of Power Division at PPC, the transition from fossil fuels to renewable sources will provide enormous benefits to Nigerians by providing more secure and affordable energy supplies.

In order to meet SDG 7 by 2030 and the ambitious net-zero target by 2060, the Nigeria Energy Transition Plan aims to address the dual crises of energy poverty and climate change while providing universal energy access. The Nigerian government has also stated its commitment to sustainability, with the goal of supplying 30 gigatonnes (GW) of electricity by 2030, with renewable energy accounting for at least 30% of the energy mix. While the government seeks the $400 billion needed to implement the energy transition plan, he says the private sector must also play a critical role in identifying climate risks, decarbonizing operations, and increasing the share of renewable systems in their energy mix.

According to him, one of the low-hanging fruits for a just energy transition by the private sector is solar PV alternative power supply solutions, which are a safe, reliable, affordable, and easily accessible source of clean energy electricity. “Climate change has crept up on us, and the consequences are disastrous for Nigeria, as evidenced by recent flooding in some parts of the country, which has killed hundreds, destroyed properties, and displaced thousands, rendering them homeless.” “Collective action is critical to addressing the continent’s pressing climate issues,” he added, adding that “the private sector can play a role by committing to the construction of renewable and power backup energy systems that ensure energy efficiency.”

According to Onuigbo, a hybrid power supply based on a combination of grid and renewable energy solutions would provide the desired uninterrupted power supply for smooth business operations, as well as lower atmospheric contamination and cost savings in maintenance. PPC is committed to ensuring equitable access to electricity in Nigeria, and over the years has invested in grid infrastructure as well as affordable renewable energy solutions.