Nigerian solar sector set to benefit from rising energy costs
Nigeria's telecom companies, including MTN and Airtel, are set to transition to renewable energy like solar and wind. As one of Africa's most lucrative telecoms sectors and valued at over $9 billion in 2024, this presents a significant opportunity for Nigeria’s solar market, as companies seek sustainable alternatives to manage rising fuel costs and inconsistent grid power supply.
It is estimated that adoption of these renewable energy sources could reduce telcos' energy costs by 15-30% annually.
Read more at Punchng
Nigeria's telecom companies, including MTN and Airtel, are set to transition to renewable energy like solar and wind. As one of Africa's most lucrative telecoms sectors and valued at over $9 billion in 2024, this presents a significant opportunity for Nigeria’s solar market, as companies seek sustainable alternatives to manage rising fuel costs and inconsistent grid power supply.
It is estimated that adoption of these renewable energy sources could reduce telcos' energy costs by 15-30% annually.
Read more at Punchng
