{"id":2996,"date":"2023-11-20T06:10:42","date_gmt":"2023-11-20T06:10:42","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/nsia-unveils-500m-renewable-investment-platform-to-reduce-power-deficit-in-nigeria\/"},"modified":"2023-11-20T06:10:42","modified_gmt":"2023-11-20T06:10:42","slug":"nsia-unveils-500m-renewable-investment-platform-to-reduce-power-deficit-in-nigeria","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/nsia-unveils-500m-renewable-investment-platform-to-reduce-power-deficit-in-nigeria\/","title":{"rendered":"NSIA unveils $500m renewable investment platform to reduce power deficit in Nigeria"},"content":{"rendered":"<div>\n<p>The Nigeria Sovereign Investment Authority has launched a $500 million Renewables Investment Platform for Limitless Energy dedicated to developing renewable energy projects across the entire value chain to reduce the power deficit in the country.<\/p>\n<p>In a statement issued in Abuja on Sunday, the agency said that executing a strategic partnership agreement with the International Finance Corporation accompanied the launch of the platform known as RIPLE.<\/p>\n<p>It stated that with RIPLE, the NSIA would expand energy access, enhance energy efficiency and ensure energy security.<\/p>\n<p>Accordingly, \u201cthe pilot for this initiative is located within the Tokarawa Industrial Hub in Kano State, and it involves setting up a generation and distribution system to meet 70 megawatts of unsuppressed energy demands of industrial activities, commercial enterprises, and residential customers in an area covering about 9,000 connections,\u201d the agency stated.<\/p>\n<p>The Programme Manager of RIPLE, Yusuf Umar, said, \u201cWe are excited to partner with the International Finance Corporation to advance the transition to energy-efficient solutions in Nigeria\u201d.<\/p>\n<p>The development comes as over 45 per cent of Nigeria\u2019s population still grapples with a lack of access to electricity.<\/p>\n<p>NSIA unveils $500m renewable investment platform to reduce power deficit in Nigeria<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigeria Sovereign Investment Authority has launched a $500 million Renewables Investment Platform for Limitless Energy dedicated to developing renewable&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,15,4705],"tags":[519,180,4706],"class_list":["post-2996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-nsia","tag-business","tag-news","tag-nsia"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/2996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=2996"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/2996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/2997"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=2996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=2996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=2996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}