Seplat Energy Plc says it is set to host its second edition of the Seplat Energy Summit expected to be declared open by Vice President Yemi Osinbajo.
In a statement made available to our correspondent on Monday, the company said it was committed to energy transition and intended to be a major player in the renewable energy space.
According to the statement, the summit which will hold on October 7, is timely as the world tilts towards energy transition with climate change and policy changes dominating most energy conversations.
Chief Executive Officer, Seplat Energy Plc, Roger Brown, said the summit would bring dynamic leaders in their fields to examine the various aspects of energy transition.
Brown said, “Nigeria will chart its energy transition journey, but improving access to energy will be essential to its economic growth.
“Given Nigeria’s increasing importance in Africa, the success or failure in addressing this challenge will have global implications.
“The sun is Nigeria’s most abundant natural resource and the advancement in technology is improving its cost competitiveness and efficiency in power generation.
“It is noteworthy that Nigeria’s off-grid solar has an expected market growth capacity compound annual` growth rate of 26 per cent between 2020 to 2040 and is projected to be worth nearly $17bn by 2040.”
Brown added that Seplat Energy would launch its new energy brand at the summit.
