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Business owners are turning to solar power

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By Kenny Adetunji

Solar power is being used by more businesses due to the rising costs of diesel.

As oil prices continue to rise globally, businesses in Nigeria are turning to mini-grids and other alternative power sources to avoid the high cost of diesel. This trend is leading to increased demand for solar products and services from companies specializing in this area. Nigeria’s business community is recognizing the potential of solar power to provide a more stable and cost-effective source of energy, especially in light of the recent Volatility in oil prices. While the initial Investment cost for solar may be higher than for diesel generators, the long-term cost savings and environmental benefits make solar a more attractive option for businesses looking to reduce their energy costs.

Solar power is the conversion of sunlight into electricity, either directly using Photovoltaics (PV), or indirectly using concentrated solar power (CSP). Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaics convert light into electric current using the photovoltaic effect. Solar power is a Renewable Energy source, and is one of the most abundant sources of energy available. It has the potential to provide a significant amount of the world’s energy needs, and is already being used to power homes, businesses, and even entire cities.

This concentrated sunlight can then be used to generate electricity.

Concentrated solar power (CSP) is a type of solar power that uses mirrors or lenses to concentrate sunlight. This concentrated sunlight can then be used to generate Electricity or heat. CSP is a relatively new technology, but it has the potential to be a very important source of renewable energy. There are two main types of CSP: thermal CSP and photovoltaic CSP. Thermal CSP uses mirrors to concentrate sunlight onto a receiver, which then transfers the heat to a fluid. This fluid can then be used to generate electricity or heat. Photovoltaic CSP concentrates sunlight onto a solar cell. This solar cell then converts the sunlight into electricity.

Solar thermal energy is the Technology used to convert the sun’s energy into heat. Solar thermal collectors are used to collect the sun’s heat and convert it into a usable form of energy. There are two types of solar thermal collectors: flat plate collectors and evacuated tube collectors. Flat plate collectors are the most common type of solar thermal collector. They consist of a dark-colored absorber plate that is enclosed in a glass or metal frame. The absorber plate absorbs the sun’s heat and transfers it to a fluid that flows through it.

Majority of new installations are located in the northern part of Nigeria.

The fluid can be water, air, or a heat-transfer fluid. Evacuated tube collectors are less common than flat plate collectors, but they are more efficient. They consist of a series of tubes that are arranged in parallel and contain a heat-absorbing material, such as copper. The tubes are then evacuated of air, creating a vacuum. This vacuum helps to insulate the heat-absorbing material, which helps to increase the efficiency of the collector.

As of the end of 2022, Nigeria is expected to have 12 megawatts (MW) of solar photovoltaic (PV) installations operational across the country. This is a significant increase from the previous year, when only 6 MW of solar PV was operational. The vast majority of these new installations are located in the northern part of the country, where the majority of the population resides. The Nigerian government has been working to increase access to electricity, particularly in rural areas, and solar PV is one of the technologies that they are investing in. They have set a goal of having 20% of the country’s electricity come from renewable sources by 2030. Solar PV is expected to play a significant role in meeting this target.

These changes to solar power are a step in the right direction.

There has been a substantial increase in the number of approved solar mini-grids serving industrial users this year, though the Ministry of Power has not provided any specific numbers. This is a positive development, as Solar Energy is a renewable resource that can help to power industrial facilities without causing Pollution or other environmental damage. This increase in the use of solar mini-grids is a step in the right direction, and it is hoped that more industrial users will switch to this renewable energy source in the future.


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