Nigeria s solar panel industry

Does Nigeria have a solar energy sector?

This report provides an overview of the solar energy sector in Nigeria to facilitate a better understanding among the Dutch businesses that wish to explore doing business in that sector. The report is based on data gathered from existing databases and open sources.

Why is Nigeria solar panel market growing?

The Nigeria solar panel market is expected to grow at a higher rate due to the increasing demand for renewable sources of energy for electricity generation.

Are solar panels made in Nigeria?

Almost all solar panels and related products are imported with very little local added value. Nigeria currently does not have capacity to manufacture solar panels but does limited assembly in volumes that cannot meet up to 10% of market demand by only two operators: Lagos based Auxano Solar and Blue Carmel Energy Ltd based in Kaduna.

What are the different types of solar panels in Nigeria?

The Nigeria Solar Panel Market has been segmented on the basis of Type, Application and End-User. Based on the Type, the market is segmented into Monocrystalline, Polycrystalline, Thin Film.

How does solar power distribution work in Nigeria?

Solar power distribution occurs predominantly through business-to-business linkages connecting manufacturers with distributors, and distributors with retailers. Solar energy companies operating in the Nigerian market can sell solar products through partners who have marketing and sales agents or through employed marketing staff.

What is the future of solar energy in Nigeria?

The future of the burgeoning solar energy sector is bright, and the trade and investment opportunity is large. Developing off-grid alternatives to complement the grid creates a $9.2bn/yr (N3.2tn/yr.) market opportunity for mini-grids and solar home systems that will save $4.4bn/yr. (N1.5tn/yr.) for Nigerian homes and businesses.