<p> The
Nigerian population vis-à-vis energy consumption statistics are a clear
indication that energy demand will remain a vital component of the nation’s
drive towards economic and human capacity growth.
</p>



<p>Though Nigeria’s
energy landscape is largely conventional, regular breakdown and
underperformance of the national grid coupled with regulatory demand and
technological advancement in the global energy space are creating opportunities
for sustainable, climate-friendly and cost-efficient hybrid power solutions –
especially with renewable energy sources in focus. </p>



<p>Speaking at the 18<sup>th</sup>
edition of the “Renewable Energy Potentials in Nigeria” seminar series tagged
Hybridization, the Consul
General of the Federal Republic of Germany Lagos, Dr Stefan
Traumann noted that the convergence of conventional and
renewable energy technologies, either grid-connected or decentralized, assure
better system synergies and performances. “Interconnectivity and integration of
various power systems with innovative storage technologies can bring about
optimal results and transform the entire electricity value-chain if properly
harnessed”, said Dr Traumann.</p>



<p>“Given the current
state of the national grid, businesses must self-generate to keep afloat their
commercial operations. It is important that electricity tariffs within the
Nigerian electricity supply industry be cost-reflective. On the other hand, the
need for improved efficiency in the industry cannot be
overemphasized either,” said Regine Hess, the Deputy Head of Mission of the German
Embassy Abujawhile delivering her Welcome Address at the seminar in
Abuja.</p>



<p>Olasunkanmi
Akindele, Manager of the Energy and Environment Desk of the Delegation of
German Industry and Commerce (AHK Nigeria) mentioned that the electricity
industry is undergoing transformation at an unprecedented
scale globally and that advances in hybrid energy technology
are expanding the possibilities of electricity generation, distribution and transmission.Olasunkanmi
continued: “because hybrid
power solutions integrate multiple generation
sources, they bring about cost and system efficiencies, improve balance during downtime, and ensure energy security.</p>



<p>In fact, for the foreseeable
future, the power industry needs to embrace methods for
designing integrated hybrid network.And with market forces and customer demands driving the push toward flexible
distributed technologies, hybridization will in no time emerge as the next big
thing in the energy world.</p>



<p>Financed
by the Foreign Energy Policy Fund of the German Ministry of Foreign Affairs (AA),
the 18th edition of the seminar series on Renewable Energy Potentials in
Nigeria tagged “Hybridization” were facilitated by the Consulate General of the
Federal Republic of Germany in Lagos, the Energy and Environment Desk of the
Delegation of German Industry and Commerce in Nigeria and the German Embassy
Abuja. </p>



<p>The
two-legged seminars held in Lagos on Wednesday 24<sup>th</sup>
July 2019, at Four Points by Sheraton Hotel, Victoria Island and in Abuja on
Friday 26<sup>th</sup> July 2019 at the Dome Hotel.</p>

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