SkyPower FAS Energy signed agreements with both the Federal Republic of Nigeria Government and the Delta State of Nigeria Government for the development of 3,000 MW of utility-scale solar PV projects within Nigeria and the Delta State of Nigeria to be built over the next five years.
These foundational agreements entails a multi-phase development and build schedule that will result in production of clean, sustainable, cost-effective energy to support the growing energy needs of Nigeria. SkyPower FAS Energy will work closely with both governments for the planning, financing, and construction of 3,000 MW of utility-scale solar PV energy projects for the Nigerian power grid, which are expected to reach commercial operation in phases starting in 2015.
“This is truly a proud moment for SkyPower FAS Energy. Global partnerships such as these are key to bringing together extensive expertise from around the world,” said proud Canadian Kerry Adler, President and Chief Executive Officer of SkyPower Global. “The signing of these agreements demonstrates the shared vision of a partnership that will further stimulate the vibrant, fast-growing Nigerian economy and substantially impact the state and country’s GDPs, resulting in increased employment and skills training.”
"The signing of the Foreign Investment Promotion and Protection Agreement marks a significant milestone. It sends a clear signal to Canadian businesses that they can work in Nigeria with confidence, and to Nigerians that they can do the same in Canada," said the Honourable Christian Paradis, Minister of International Development for Canada. "Our government is looking to new approaches that deliver real results. The private sector has a crucial role to play in creating shared prosperity."
Sabri Asfour, the General Manager of SkyPower FAS Energy, also commented: “The signing of these agreements and commencement of these groundbreaking projects in Nigeria clearly demonstrate Nigeria's commitment to clean, renewable energy. SkyPower FAS Energy’s combined expertise in infrastructure development and construction will generate a large number of new jobs, support skills development, and increase prosperity in the regions of the country where these solar projects will be built.”