FG to source solar panels locally to aid green bond initiative.

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In a bid to boost renewable energy, the federal government may consider the option of sourcing solar panels locally to enhance the Green Bond Initiative in the country, The Guardian reports.

The Minister of State, Environment, Ibrahim Usman Jibril stated this when paying a working visit to the National Agency for Science and Engineering Infrastructure (NASENI) Solar Energy Ltd in Karishi, Abuja. He said the ministry has identified solar energy plants that would support local manufacturing firms to produce solar panels, which is a critical focus of the Green Bond project.

The minister said the issue of solar energy will encourage the use of local content which in turn helps the country to save foreign exchange as well as create employment. Earlier, Executive Vice Chairman of NASENI, Prof. Mohammed Sanni Haruna had told the minister that NASENI Solar Energy Ltd was the first solar PV Module/panel manufacturing company in Nigeria. He also explained that NASENI Solar Energy Ltd was established to primarily reduce the cost of quality solar panels as well as produce 100% made ones in Nigeria.