Solar is competitive – “Let’s make solar work” starts online PV-investment calculator
The Nigerian-German know-how & technology transfer initiative on solar PV diesel hybrid systems presents a new online PV-Calculator that assesses the economics of solar investments for companies, hospitals and schools. Let’s make solar work also publishes a report on a demand-side survey among mid-sized power users. The initiative presents concrete recommendations on how to develop the solar market for SMEs and social facilities in Nigeria.
Lagos, 27.03.2018 – In recent years, a silent revolution has been going on with solar power as it reached price parity with generator-based power production in a growing number of geographies. Using solar energy has become cheaper than running diesel generators, also in Nigeria. Many Nigerians are not yet fully aware of the specific new competitiveness of solar power, this is however very good news for many power users, especially mid-sized power users such as companies and social facilities.
To address this knowledge gap, Let’s make solar work just officially launched the new online “PV-Calculator” on its website www.letsmakesolarwork.com. The tool compares costs of solar power with the currently existing diesel generation costs for a specific planned PV project and generates an individual economic approximation for the considered solar investment. It is handy, quickly generates numbered results and has demonstrated to be fully working after an initial 1-month test period. Made by a team of German experts, the tool automatically calculates the LCOE, Payback, Equity IRR, Project IRR, NPV from just a few input data.
This allows potential buyers to gauge their planned solar system investment. Solar suppliers are able to prepare for customer/stakeholder meetings and to come into play with first concrete numbers. In this context, Let’s make solar work also just published an original Survey Report describing the energy situation specifically among mid-sized power users such as SMEs and social facilities: Demand-side requirements and planned power investments are analyzed; recommendations on how to develop the solar market for SMEs and social facilities in Nigeria are presented and currently implemented. Three showcases have been measured and dimensioned (including Reports). Many resources are available for download from the website www.letsmakesolarwork.com.
The obvious lack of reliable power is as hard-felt in this specific mid-sized power user category as in any other community, but here the power gap most immediately affects and hampers the economic success of Nigerians and Nigeria. Therefore, the question asked by Let’s make solar work partners is: Why not fill this power gap with solar PV systems, given that solar power can greatly contribute to make Nigerians and Nigeria more successful.
“Most mid-sized power consumers in Nigeria including small and medium sized companies (SMEs), public facilities, have one thing in common; they run their own diesel generators. Operation gets increasingly expensive as diesel prices rise. Also, surveys have shown that generators are often oversized and thus run inefficiently. This drives power costs further up”, adds Dotun Tokun from Solarmate Engineering Ltd.
During the coming second trainer seminar in June 2018 in Lagos, which will be significantly bigger due to high demand, Nigerian solar professionals will deepen their knowledge about how to carry out focused power audits for companies and social facilities. They will also learn how to dimension and plan solar PV diesel hybrid systems that really help save lots of diesel and reduce soaring energy bills significantly.
Let’s make solar work is a Nigerian-German solar initiative by experienced solar companies teaming up to organize know-how and technology transfer from Germany to Nigeria. “Our partnership conveys this knowledge transfer through a series of seminars targeted at engineers and technicians who are already working in the solar business or have a professional energy background”, says Olivier Drücke, the project director from SOLAR23.
For more information on training seminars offered by the solar initiative in Nigeria in 2018 and 2019, please visit us online www.letsmakesolarwork.com.The website also provides a growing range of resources on solar power and energy efficiency for download.
(661 words, 4,414 signs, with blanks)
Speakers and Project Directors
Let’s make solar work
A Nigerian-German Initiative
Let’s make solar work is an initiative of the companies SOLAR23, OneShore Energy, Solarmate Engineering and eclareon. It is co-funded by the German Federal Ministry for Economic Cooperation and Development under the DeveloPPP programme.
The online PV-Calculator tool was jointly developed by the project partner eclareon together with the German non-profit research institute ideas into energy. The costs for tool development were co-funded by the German Federal Ministry for Economic Affairs and Energy and by the German Federal Foreign Office.
The initiative co-operates closely with educational institutions in Nigeria, such as the Centre for Renewable Energy Technology (CRET) at the Federal University of Technology Akure and the vocational technical training centre of Applied Engineering Technology Initiative, AETI Ltd.