The European Union (EU) has said it is investing 165 million euros to boost Renewable Energy in Nigeria. Head, European Union Delegation to Nigeria and ECOWAS, Amb Ketil Karlsen, made this disclosure in Abuja, on Thursday, during Solar Tree unveiling ceremony at EU Complex.
According to Amb Karlsen, the ceremony is in demonstration of what is possible with Renewable Energy. He explained that it was time to work the talk, hence, the EU decided to power some of its facilities with Renewable Energy.
He said, in partnership with EU’s Development Partners, the sum of 156 million euros would be spent across Nigeria to promote the reliance on Renewable Energy. The objective of which said is to lessen pressure on climate change.
“The EU is investing 165 million euros to promote Renewable Energy in Nigeria like it is doing worldwide. We believe this is a very important part of solution to the lack of sustainable, safe and affordable energy in Nigeria, where there are more than 90 million people without access to electricity. Often times, they have to power their businesses with generators, which makes their cost of production higher and makes them unable to compete with counterparts from other countries.“
He explained that, for Nigeria to launch into global competitiveness, the challenge of Sustainable, Safe and Affordable energy must be tackled.
“For Nigeria to be able to compete, we need to have wider solution and better mix. That is what we are demonstrating here, symbolically, by having a solar tree in our own compound.
We are at the same time working throughout the country, together with our Nigerian counterparts to see that this problem is solved.
“What we have done with powering part of our courtyard and facilities is just a demonstration, which we will expand to power the whole EU complex,” the EU envoy said.