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JMG Cuts Diesel Costs by $40M with Solar Power

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JMG Limited Embraces Renewable Energy with Hybrid Solar Installation JMG Limited has taken a significant step towards sustainable energy by installing a 129-kilowatt hybrid solar system at its headquarters in Lagos. This initiative showcases the company's commitment to renewable energy and highlights the use of cutting-edge solar technology from Longi and Deye. The installation is already yielding substantial financial and environmental benefits. According to internal reports, the project is expected to save the company up to N40 million annually in diesel expenses. The hybrid system integrates Longi 575W solar panels, Deye high-efficiency hybrid inverters, and a 122.9 kWh DEYE high-voltage lithium-ion battery storage solution. All components were designed and managed internally by JMG’s solar division, emphasizing the company’s technical expertise and dedication to green initiatives. Key Features of the Solar System The system is capable of generating 15.48 MWh of clean energy...

Scientists uncover game-changing innovations that cut solar energy costs

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The Evolution of Solar Power: A Story of Innovation and Cost Reduction Since the 1970s, the price of solar panels has dropped by more than 99 percent. This dramatic decline has transformed a once-expensive technology into a widely adopted power source for millions of homes. As a result, solar energy has significantly reshaped global energy markets. A recent study conducted by the Massachusetts Institute of Technology (MIT) and published in PLOS ONE has uncovered the reasons behind this remarkable drop in solar power prices. The research highlights the complex network of hidden breakthroughs that have made photovoltaic (PV) systems a major force in achieving net-zero goals. The findings reveal that decades of innovation, much of it originating from outside the energy sector, have been instrumental in bringing solar power into the mainstream. These insights could also serve as valuable lessons for reducing the costs of other renewable technologies. A Cascade of Breakthroughs MIT res...

ISA Focused on Boosting Ethiopia's Solar Growth

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International Solar Alliance Supports Ethiopia's Renewable Energy Ambitions The International Solar Alliance (ISA) has made a strong commitment to support Ethiopia in unlocking the vast potential of solar energy development. This initiative comes as part of broader efforts to foster sustainable growth and attract private sector investment into the country's energy sector. The ISA, led by Director-General Ashish Khanna, has emphasized its role in helping Ethiopia develop a robust framework for solar power projects. During a recent discussion, Khanna highlighted that the alliance is working closely with Ethiopian authorities to create an environment conducive to solar energy development. This includes the implementation of a country partnership framework, which will guide collaboration over the next three years. One of the key components of this partnership is the goal of generating 400 megawatts of electricity through large-scale grid utility projects. Such initiatives are ex...

Experts Celebrate Morocco's Solar Energy Leap

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The Rise of Photovoltaic Technology in Morocco's Renewable Energy Transition Morocco is making significant strides in its renewable energy transition, with a growing emphasis on photovoltaic (PV) technology. Recent developments have seen the Midelt II and Midelt III solar projects awarded to Saudi-based ACWA Power, marking a pivotal moment in the country’s energy strategy. Energy experts are now highlighting the strategic importance of PV systems in driving this shift forward. Understanding the Shift from Concentrated Solar Power One of the key reasons behind this shift is the recognition of past challenges associated with concentrated solar power (CSP) technology. The Noor Ouarzazate complex, one of Morocco’s major CSP projects, has encountered various technical issues over the years. These challenges have led experts to advocate for a more efficient alternative—photovoltaic systems. Amine Bennouna, an energy expert, explains that there are clear technical differences between ...