Solar| Electric Vehicles | Waste to Energy
Project Starting Date 12.01.2017 Project End Completed Category Energy Project Description Unstable global oil prices, an evolution of global and local polices in favor of “cleaner” energy sources, and a consequent shift in financiers’ interest has accelerated the need for oil and gas companies, inclusive of Dein Green Energy (DGE) to explore a portfolio diversification strategy towards renewable energy. Nigeria & Dein Green As the world transitions from fossil fuels into more renewable sources of energy (Solar, Wind, Geothermal, and Tidal etc.), energy providers in the fossil fuel space must rapidly evolve to adapt to a new market reality or face disruption. A key part of that evolution is making deliberate efforts to gain an early understanding of the renewable energy value to determine opportunities and strategies for Success. Leveraging on the abundance of solar energy, growing financier interest in funding renewable energy projects in Africa as well as the FGN’s interest in developing and executing solar power projects for rural and institutional electrification there are abundant opportunities for interested private actors to commit to an environmental sustainable Nigeria. In 2017, solar power provided 1.7% of total worldwide electricity production, growing 35% from the previous year. The International Energy Agency projected that under its “high renewables” scenario, by 2050, solar photovoltaic and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption. Nigeria has an installed power generation capacity of about 12,522MW mainly generated by Hydro and Gas, however the actual power generated utilized is about 5000MW, but the estimated actual demand required for consumption is about 24,000 MW. This simply means that there is power generation opportunity of about 12000 – 19000 MW. With an average solar radiation of about 7.0kWh/m2-day (25.2MJ/m2-day) in the far North and about 3.5kWh/m2-day (12.6MJ/m2-day) in the coastal latitudes of Nigeria, there’s a huge potential for solar power deployment by Dein Green Energy (DGE) whose principal purpose is executing renewable and sustainable energy projects while supporting environmental protection. Economic growth, urbanization and industrialization are all closely linked with electrification. Farmers reduce waste with proper storage and processing, education is enhanced through improved telecommunications and internet availability, Institutions operate more efficiently, and micro industries thrive. That is why; Dein Green Energy (DGE) is committed to effective applications of this sustainable natural resource to close the energy gap.