Nigeria’s Oando 1.2 GW PV Module Factory on Track
On 31 July 2025, Oando reported progress on the construction of a 1.2 GW capacity photovoltaic (#PV) module assembly factory during its 1Q25 quarterly report. Financing has secured financing and completed the feasibility study for the project.
The factory is expected to become operational by the end of 2026. The first phase will see a production line of 600 MW being installed. The project is expected to support ‘thousands of direct and indirect jobs’.
Earlier, Oando Clean Energy and the Rural Electrification Agency (REA) of Nigeria signed a Memorandum of Understanding (MoU) to promote rural electrical access. The CEO of REA Abba Aliyu underlined that the partnership is ‘a game-changer’ in that it is not just expanding electricity access, but also positioning Nigeria as a renewable energy hub.
“This is Africa’s first solar module assembly plant with a recycling line that will see old and dysfunctional solar panels recycled into raw materials for various purposes.”
Oando CEO Demola Ogunbanjo
The next step is the final investment decision (FID) on the PV module factory. The Oando Group is also involved in eMobility, waste-to-energy project, a geothermal power plant, petrol retail, and even oil refining in Trinidad & Tobago.
It is to be recalled that Nigeria enacted new laws in March 2025 to ban the importation of PV modules in order to encourage local production. In addition to Oando, Tranos is planning a 800 MW production line and China’s Red Solar is in talks with a local partner to set up a 600 MW module factory and