The federal government yesterday moved to ramp up the deployment of renewable energy in the country, urging electricity Distribution Companies (Discos) to adhere to the 5 percent clean energy requirement as released in a recent order by the Nigerian Electricity Regulatory Commission (NERC).

Speaking in Abuja at a national summit on “Accelerated Scale-up of Renewable and Distributed Energy Resources in Nigeria,” the Minister of Power, Adebayo Adelabu, explained that there was the need to identify, derisk, and deploy renewable and distributed energy projects nationwide.

Adelabu stated that the federal government’s existing policies and action plans such as the National Renewable Energy Action Plan (NREAP), Nigeria Energy Transition Plan (NETP), and the Nationally Determined Contribution (NDC) targets were a clear manifestation of Nigeria’s commitment to developing renewable energy.

He urged the summit to highlight the strategies, regulations and bankable financing arrangements that can be leveraged to deliver Nigeria’s targeted 30 gigawatts (GW) of power supply capacity by 2030, of which 30 per cent is from renewable energy.