In line with the National Policy on Renewable Energy and Energy Efficiency, the Nigerian Electricity Regulatory Commission, NERC, has approved three windows for grid connected renewable energy projects.
It said the three the windows is in pursuit of its regulatory mandates established in 2015.
According to a publication on its website, it said the first window is the net-metering for very small capacities (typically below 1 megawatts [MW].
The second one is the feed-in tariff for capacities up to 5 MW of solar, 10 MW of wind, 10 MW of Biomass and 30MW of small hydro.
NERC then said competitive tender for capacities above these thresholds is to be procured through the Nigerian Bulk Electricity Trading (NBET).
*Guaranteed price & access to grid;
*Feed-In – Tariff for Solar, Wind, Biomass & Small Hydro;
*Power Purchase Agreement (PPA) based on plant life cycle of 20 years;
*Electricity distribution companies (DisCos) to procure minimum of 1000 MW (50 percent of the total projected renewable sourced electricity);
*NBET to procure minimum of 1000 MW (50 per cent of the total projected renewable sourced electricity).