Home Business & EconomyLocal cell production will drop solar panel price by 60%, promote green economy – Minister

Local cell production will drop solar panel price by 60%, promote green economy – Minister

by Hollins Esegba
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THE Minister of Science and Technology, Ogbonnaya Onu, has said the production of indigenous solar cells will lead to a 60 per cent price drop of solar panels and contribute to Nigeria’s transition into a green economy.

Onu made this known at a virtual meeting with the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, according to a statement on Thursday titled ‘Onu calls for indigenous solar cell production’.

He was quoted as saying the production of indigenous solar cells would have a positive attendant effect on many industries in the country.

The minister sought the assistance of IRENA on institutional capacity building for research in enhancing green hydrogen energy.

He said, “We want to make our solar cells in Nigeria; more foreign investors should be encouraged to come into Nigeria, which has a huge market of 200 million people.”

Camera, in his response, assured the minister that the agency would collaborate with Nigeria in developing renewable energy and boosting foreign direct Investment.

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Naija Times