Speaking on the project, Obasanjo described it as “the single largest investment this not-for-profit organisation has made.” To him, the OOPL solar power project is a reflection of the organisation’s commitment to clean and renewable energy.
“This goal is achievable, affordable and transformative. It represents a challenge to all Nigerians – in every walk of life, to our political leaders, entrepreneurs, innovators, engineers, and to every citizen.
“This is a generational moment. I’m asking each of you to join me and build this future. Our success depends on our willingness as a people to undertake this journey.
“We have a duty of care to the planet and to every person upon it. We must fulfil it by making our energy system clean, efficient, affordable and sustainable.
“In addition, because it is not emitting any greenhouses gases than diesel generators do, it has the potential to earn carbon credits which are currently priced at $ 40 per ton. Based on estimated annual production of 2,307,000 Kilo Watt hours per year, we can expect to earn nearly $39,589 in carbon credits per year,” Obasanjo explained.
In his remarks, the Deputy Managing Director of Dantata Solar Limited, Najeem Animasahun, said 70 per cent of the materials used for the execution of the project as well as the human resources were sourced from Nigeria.
He added that only the inverter and the panels were the materials imported into Nigeria. He said the project cost between N1.5 billion and N2 billion with 25 years guaranteed