Nigeria is one of the most economically sound countries on the continent. Trailblazing in many ways including finance, infrastructure and employment, the country has up until very recently been a laggard when it comes to renewable energy. However, a newly-installed government is ensuring priorities are changing and frameworks are being put in place to exploit Nigeria’s clean energy prowess and close the gap between supply and demand. Segun Adaju, president of the Renewable Energy Association of Nigeria, discussed with PV Tech how the country is getting to grips with clean energy.
Monica Maduekwe, coordinator of Gender Mainstreaming at the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) caught up with PV Tech to discuss ways in which the organisation is addressing existing barriers to equal participation, including utilising a US$1 million fund from the African Development Bank.
San Francisco-based SunFunder is a solar finance business with a mission to unlock capital for solar energy in emerging markets. It primarily aggregates investment capital through its beyond-the-grid and Solar Empowerment funds, thereby giving accredited investors the opportunity to invest in their on-grid and off-grid solar portfolio. Andrea Griffin, SunFunder’s vice president of global business development, stopped by PV Tech to discuss investment, currency risk and energy storage in West Africa.
The route to decarbonisation in the energy sector will create benefits of US$10 trillion every year by 2050, while requiring only US$1.8 trillion to implement, according to a new joint report from the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA).
Last week the EU’s Africa Renewable Energy Initiative announced 14 new renewable energy projects across the continent, representing 1.7GW, with a total potential investment of almost €4 billion.
Over and over again, at last week’s PV Expo trade show in Tokyo, PV Tech heard that those that will survive in Japan’s PV market will be the ones in it for the long haul. Andy Colthorpe spoke to industry observers and participants to get an inside look.
Karim Megherbi, director of Origination for Africa & Central Asia at Dubai-based Access Power stopped by PV Tech to discuss why West Africa will materialise as the next hotspot for solar PV and how investors can take advantage of this.
Power Africa, the USAID-funded energy initiative created under the Obama administration, has announced plans to invest US$1 billion in Nigeria’s energy sector, according to programme co-ordinator Andrew Herscowitz.
Struggling flexible CIGS thin-film consumer product producer Ascent Solar Technologies could be on the uptick with new US$20 million funding from Hong Kong Boone Group, an Asian strategic investor.
