Energy development is the field of activities focused on obtaining sources of energy from natural resources. These activities include the production of conventional, alternative, and renewable sources of energy, and for the recovery and reuse of energy that would otherwise be wasted.
An energy revolution is happening in Africa where off-grid and mini-grid power generation is no longer a short-term fix, but rather a permanent solution. New and cheaper technologies, especially in the renewable energy sector, coupled with affordable energy storage, are driving this revolution.
Bringing electricity to smaller communities through initiatives is happening in a number of countries around Africa, which are life-changing for especially rural communities – some of them who now have access to electricity for the first time in their lives.
A number of African countries are moving from traditional state monopolized utilities to partnerships with the private sector for off-grid energy solutions, but challenges remain, such as incoherent energy policy frameworks that are often not attractive for private investment. And that is not the case in Nigeria.
At the end of the day, most of these can be resolved with sufficiently strong political will, which is particularly relevant when it comes to off-grid policy. If accelerating access to productive energy is not a real political priority, then it will never gather the necessary momentum. Access to energy undoubtedly represents a major opportunity in the region and, in our opinion, solving the issues around the economic viability of mini-grids is at the core of unlocking that opportunity.
According to the African Development Bank (AfDB), manufacturers in sub-Saharan Africa experience an average of 56 days of shutdown time per year due to power outages.
Fossil fuel-based power generation is the most expensive form of energy globally, yet it is the largest source of electricity generation in Africa.
We plan to develop our mini-grid sites in accordance with an innovative holistic business model, centered entirely on the productive use of energy, with some very interesting partners.
Our aim is to set this region apart as a progressive, enabling environment for energy sector development.
Nigeria rural electrification plan
The Federal Government of Nigeria commenced a pilot scheme to provide rural areas in various geopolitical zones with access to electricity in order to increase rural electricity penetration. Decentralized systems were preferred due to difficult terrain and high costs associated with grid extension.
In some cases, communities are only accessible by waterways. Though the major requirement of electricity by most communities is for lighting purposes, in this case, we aim to generate a minimum of 1 megawatt of power for each settlement,