Edo Woos Investors With Incentives To Boost Renewable Energy Drive

Governor of Edo State, Monday Okpebholo, has assured investors of adequate incentives to stimulate investment in alternative and renewable energy solutions aimed at improving power supply across the state.

The governor, who reiterated his administration’s commitment to delivering uninterrupted electricity to residents, spoke at the Edo Renewable Energy Summit.

The event brought together industry leaders, development partners, and energy experts to explore sustainable energy solutions.

Represented by the Commissioner for Power, Paul Usenbo, Okpebholo described energy as a critical driver of economic growth, industrial development, and improved quality of life.

He noted that his administration recognises the importance of adopting a balanced energy mix driven by innovation, sustainability, and strategic investment in renewable sources.

“Edo State is strategically positioned to emerge as a leader in clean and sustainable energy development. The state has vast potential in solar energy, biomass, and other renewable resources which, when fully harnessed, will guarantee reliable electricity supply, power industries, and create jobs,” he said.

The governor disclosed that the state government is taking decisive steps to strengthen energy infrastructure, citing the recent groundbreaking of a 100MW Ologbo Power Plant and Liquefied Natural Gas (LNG) facility as a key initiative to boost generation capacity and drive industrial growth.

He emphasised that achieving the state’s energy transition goals requires collaboration, stressing that government alone cannot deliver the desired outcomes.

“Partnerships with the private sector, investors, development organisations, and innovators are crucial to unlocking opportunities in the renewable energy space,” he added.

Also speaking, the Director-General of the Edo State Electrification Agency, Saturday Omozokpea Egbadon, revealed that over 200 renewable energy proposals submitted to the state were found to be largely unfeasible.

He urged investors to conduct proper feasibility studies and better understand the specific energy needs of different areas, particularly in identifying locations suitable for mini-grid deployment.

Meanwhile, investors at the summit called for improved regulatory frameworks and capacity-building initiatives to enhance the success of renewable energy projects in the state.