De-risking Renewable Energy NAMA for the Nigerian Power Sector
|Focus area||Renewable energy (unspecified)|
|Type of action||Strategy/Policy|
|Submitted to UNFCCC registry||No|
|Start of initiative||2013|
|Financing and support details|
|Financing status||Seeking financing|
|Total cost||US$ 171.53 mln|
|Financing requested|| |
|Financing received to-date||US$ 4.4 mln|
|Principal source of financing||Multilateral|
|Principal type of financing||Grant|
|Capacity building required||Yes|
|Technology transfer required||Yes|
|Proponent(s)||Federal Ministry of Power, Federal Ministry of Environment, Energy Commission of Nigeria, Nigerian Electricity Regulatory Commission, Transmission Company of Nigeria|
|International funder(s)||GEF, UNDP|
|Organization providing technical support|| |
The main objective of the NAMA is to increase the share of renewable power generation in Nigeria up to 10% by 2020 (excluding large hydro).
Activities: (2016 - 2036)
The NAMA has four components:
- Policy and institutional framework for private investment in on-grid renewable power generation.
- Financial de-risking instruments for private investment in on-grid renewable power generation.
- Grid management to absorb intermittent but predictable renewable energy.
- First commercial on-grid RE projects, with 100 MW of additional RE-based power generation capacity.
The GEF has approved a project, in April 2016, to support the Federal Government of Nigeria (FGN) in the development and implementation of this RE NAMA for the Nigerian Power Sector.
Impact and MRV
|Cumulative GHG reductions: 1.6 MtCO2e|
No information has been provided on mitigative capacity
|Social:|| * health benefits
|Economic:|| * job creation
|Environmental:|| * reduced emissions
No MRV plan has been defined