By Our Correspondent
Former President, Chief Olusegun Obasanjo on Friday, flagged off a new 2mw Solar Power electricity at the Olusegun Obasanjo Presidential Library (OOPL) Abeokuta, Ogun State.
Obasanjo, who described the power project, as a mark of a beginning, declared that Solar power source of energy was a clean energy, which is good for environment.
In his opening remarks at the formal launch, says: "Today marks a beginning. Clean energy is good for the environment. That’s why we are working hard to increase the energy we generate from cleaner sources.
"We are also working together with our partners, stakeholders, youths and our local community to ensure everyone understands the benefits of renewable energy. And ultimately create a clean energy future for all humanity.
"Today, I am speaking to you in a facility powered by the sun-solar energy. It is the way of a future Carter envisioned all those years ago. It will help build the future we want.
The former President emphasised that "the Olusegun Obasanjo Presidential Library (OOPL) solar power project is a reflection of our commitment to clean and renewable energy and is the single largest investment this not-for-profit organization has made.
"As large an investment as it is, it is remarkably cost effective. It costs less than two and half years supply of diesel to power our generators. So in diesel terms it pays for itself in less than 3years. So in effect the electricity it produces after three years is almost at no cost.
"In addition, because it is not emitting any green houses gases that diesel generators do, it has the potential to earn carbon credits which are currently priced at US$ 40/ton. Based on estimated annual production of 2,307,000 kilo Watt hours per year, we can expect to earn nearly US$39,589 in carbon credits per year.
"By monetizing this facility with strategic sponsorships and marketing alliances we will be able to generate revenue. Combined, this solar facility can generate electricity, generate revenues that contribute to the upkeep of the library, help save the planet making a small contribution to climate mitigation and adaptation, provide shade for parking, and be an inspiration for future generations. Who says you can’t make a profit out of saving the planet? Obasanjo queried.
"The idea that capital is selfish fails to understand the fundamentals of nature, that green and not greed is good. Indeed, half of the seventeen Sustainable Development Goals touch on the environment.
Our time on this beautiful earth is limited. In my life I have sought to be a responsible steward for nature. This facility marks one of the enduring personal legacies I am proud to be call my own.
"The responsibility to make this earth green again will fall on you, the coming generations. While you youth may represent 60% or more of our population you represent 100% of its future and the future of humanity. For there to be a future there must be a habitable planet, which you must make. It’s your world now, take it and run with it.
"The recently concluded UN Climate Change Conference of the Parties (COP26) was attended by over 1,000 universities from 68 countries, who witnessed powerful speeches and renewed commitments to reach Net Zero emissions by 2050, in some cases 2060 and in Nigeria’s case 2070. This is the best time for all Nigerian universities to sign-up to the United Nations’ Race to Zero campaign, and commit to reducing their carbon emissions to zero by 2050 at the latest.
"We hope that by committing to consume renewable energy we inspire others to follow and still inform others to do their bit for the environment. Our great nation also needs to commit to producing our electricity from renewable energy and truly clean carbon-free sources. 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 fulfill it by making our energy system clean, efficient, affordable and sustainable.
The Deputy Managing Director of Dantata Solar Limited, Najeem Animasahun told newsmen that 70 percent of the materials used for the execution of the project as well as the human resources were sourced from Nigeria.
He added that only inverter and the panels were the materials imported into Nigeria.
Animasahun added that a 25 years warranty was placed on the project, saying, the advantages far outweigh any expected shortcomings.
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