Connect with us

Hi, what are you looking for?

Broadcasting

Cost of Solar Energy Technology is Declining – PPC

PPC

The mass production of solar panels in response to the rising demand for alternative cleaner power solutions has made solar installation for homes and businesses more affordable, says PPC Limited, Nigeria’s leading engineering and infrastructure development company.

While commenting on the frequent collapse of the national power grid, the attendant blackouts and its disruption of business activities, Dr Kelechi Onuigbo, Head of Power Division at PPC, advised businesses to look into cost-effective alternative power solutions for uninterrupted power supply.

He noted that even though solar panel installation and its storage systems have become more affordable, the efficiency of photovoltaic panels have not diminished in any way but improved with constant research and innovation.

As part of the global decarbonization and energy transition drive, the Nigerian government has demonstrated commitment by commissioning off-grid electricity projects that will ensure all Nigerians have uninterrupted electricity through investment in solar-powered mini-grids.

The Federal Government is implementing different initiatives targeted at achieving at least 30,000MW generation by 2030 with 30 per cent from renewable energy sources.

The energy expert commended the Federal Government for providing robust incentive programmes that ensured corporations and government facilities enjoy stable electricity through off-grid energy sources.

Onuigbo said, ”It’s important for energy access to keep pace with population growth in the country. This is why we are advocating for increased investment in off-grid alternative energy solutions that provide stable electricity in the event of natural disasters or power outages. We are proud to be at the forefront of the drive for renewable energy in view of the climate change realities and the frequent collapse of the national grid.”

“The one-time investment and low maintenance of solar installations make it an affordable and preferable alternative power option for businesses and households. Constant electricity is key to survival of businesses and that is why PPC is committed to supporting organizations in bridging the infrastructure gap in Nigeria’s power sector.”

According to him, rapid advances in technology and available financing facilities has encouraged manufacturers to invest in expanding their production capacity, which has lowered the cost of solar panels.

He explained that solar panels can generate major utility savings for businesses that are considering reducing electricity costs, carbon emissions, or both.

PPC is dedicated to ensuring equitable electricity access in Nigeria and has over the years invested in grid infrastructure as well as affordable renewable energy solutions.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

Some vandals have carried out an attack on the 330-kilovolt Shiroro-Katampe Transmission Line again, throwing some parts of the Federal Capital Territory, Abuja, into...

Politics

President Bola Tinubu on Monday, December 23, defended his decision to maintain a 48-member cabinet, dismissing criticisms that it is “bloated” and emphasizing the...

Sports

Heavyweight boxing champion, Oleksandr Usyk defeated Tyson Fury to retain his unified heavyweight world titles and prove his status as a generational great with...

Sports

Mexican Wrestling legend, Rey Misterio Sr. has d!ed at age 66. The death of Mysterio Sr., whose real name is Miguel Ángel López Días,...