Lagos State to Establish Renewable Energy University and $150M Lithium Battery Facility
Key Developments in Lagos’ Renewable Energy Sector
- $150 million lithium battery assembly plant planned for Lekki Free Trade Zone
- New renewable energy university to foster local innovation
- Partnership with Rural Electrification Agency to expand solar energy access
Lagos State Governor Babatunde Sanwo-Olu has announced ambitious plans to transform the state’s energy landscape, responding to chronic electricity shortages that have hampered business growth.
Major Infrastructure Projects
The centerpiece of the initiative is a $150 million lithium battery assembly facility in the Lekki Free Trade Zone, designed to provide reliable energy storage solutions. The governor also committed to establishing Nigeria’s first university dedicated to renewable energy research and development.
Through Deputy Governor Dr. Obafemi Hamzat, Sanwo-Olu signed a Memorandum of Understanding with the Rural Electrification Agency (REA) to expand renewable energy access, particularly through rooftop solar installations for public institutions.
Addressing Energy Challenges
The agreement, signed at the Lagos State Energy Summit, represents a significant step in implementing the Federal Government’s 2023 Energy Act. It aims to reduce reliance on the estimated 4 million diesel generators currently in use across Lagos.
REA Managing Director Abba Abubakar Aliyu revealed that the partnership will include developing Nigeria’s first floating solar PV plant (8MW) to power Lagos State University, along with supporting the World Bank-backed DARES program and National Public Sector Solarisation Initiative.
Local Solar Manufacturing Gains Momentum
The announcement follows the recent opening of LPV Technologies’ solar panel factory in Lagos, which has called for import restrictions to boost domestic production. Nigeria currently imports about N200 billion worth of solar panels annually despite chronic energy access issues affecting 40% of the population.
“This is a good development that will improve the nation if well executed because the world is tilting towards renewable energy now,” said Temitope Aina, commenting on the initiatives.
Federal Government’s Renewable Energy Strategy
The Federal Government has reaffirmed its commitment to phase out solar panel imports to conserve foreign exchange and stabilize the naira. Officials are exploring alternative approaches to meet Nigeria’s growing renewable energy demands while supporting local manufacturing capacity.
These developments mark a significant shift in Nigeria’s energy strategy as Lagos State positions itself as a leader in renewable energy innovation and implementation.
Source: Legit.ng