Energicity’s Post

✨Energicity is raising to expand #energy #access and #services in West Africa ... more in The Africa Report (link below).

The push to fully transition to clean energy and decarbonize the power sector will be key in our fight against climate change.

🔴 [ Special week: access to energy in Africa- Day1 ]  #Nigeria, the most populous country on the African continent with over 218 million inhabitants, is still a long way from achieving universal access to electricity, especially in rural areas. In recent years, the authorities have been focusing on autonomous solar systems. This policy will be discussed this week at the Energy Access Investment Forum (#EAIF 2024) in #Lagos. Rural Electrification Agency of Nigeria | The World Bank | African Development Bank Group https://lnkd.in/esiDynwa

Positive developments are happening in all sectors of South Africa. It is so easy to focus on the negative. Almost every week there are announcements of major renewable energy and battery storage projects. We are living through a #JustEnergyTransition. Let’s change the narrative #ProudlySouthAfrican! https://lnkd.in/d426newh

Attention is often concentrated on the deteriorating condition of Eskom's coal-powered plants; however, the limitations of the electrical grid due to insufficient investment over the past 30 years, coupled with a shift in South Africa's energy sources, present an equally significant issue. Lara Bezuidenhoudt, a partner at Fasken, has proposed that leveraging Public-Private Partnerships (PPPs) and project finance could be crucial in enhancing the grid's capabilities. To delve further into the prospects of expanding South Africa's grid through PPPs, read more here: https://lnkd.in/dcG-tSSi Her insights were also shared by Business day Live, read here: https://lnkd.in/dDRu6var

In the short to medium term, electricity generation and distribution needs to be decentralised and localized to community level. This allows for electrification despite struggling T&D, helps power reach far-flung areas, and protects users from national inefficiencies. It also helps us design interventions to drive rural industrialization (and the resulting employment, and higher farmer incomes) which is key for economic growth. The youth bulge, our producer economies, and vast renewable energy resources are opportunities that are convergent and should be leveraged for green industrialization. The goal however is that in the long-term, for electricity access to be borderless. The 100GW flowing down the Congo River should be distributable to East and Southern Africa, Cameroon's vast hydro resources should serve the region frictionlessly. This was my message on my first panel slot representing INENSUS gmbh at the Future of Energy Show in Johannesburg.

The latest edition of Enterprise Africa📚 is live now and online for you to read today for free - and you don't need to sign up or subscribe👌. Significant investments💰 continue to flow into business operations as the private sector sees opportunities to thrive and grow against a backdrop of macro-economic challenges🌪️. Companies are busy updating and upgrading machinery🧰, investigating the potential for renewable energy rollout☀️, and looking to new international markets for major export opportunities🚢. Proudly South African, most are looking to take their knowledge across local borders🌍 to benefit sub-Saharan Africa with tried and tested products and services. It's an exciting time, and strong businesses are doing fantastic things to gain the edge🏁. Read more right now👇 #southafricanbusiness #investmentopportunity #industryleaders #exportnation https://lnkd.in/gVHvErc

🌟 Exciting News! 🌟 The World Bank & African Development Bank Group are partnering to provide at least 300 million ppl. in Sub-Saharan Africa with electricity access by 2030 - a game-changer for #EnergyAccess. At the Africa Minigrid Developers Association (AMDA), we support of minigrid companies and operators, to accelerate their pathway to scale and sustainability, through our 4 cardinal pillars: ✔ Deliver Member Value: We support minigrid developers to become sustainable businesses with strong corporate governance. ✔ Access to Capital: We enhance the capital raising capabilities of mini-grid developers and facilitate dialogue with funders and investors to attract deeper pools of capital to the minigrid sector. ✔ Policy, Regulatory & Regional Coordination: We engage with policymakers, regulators and government stakeholders through effective communication, dialogue, and advocacy campaigns to ensure an enabling environment for the sustainable development of mini-grids at scale. Through our regional coordinators, we provide on-the-ground support to developers in the various regions (presently East Africa, Francophone Afrique, West Africa, and Southern Africa) we cover. ✔ Research, Data & Standards: We serve as the reference point and source of credible data & information on the private sector minigrids in Africa to support evidence-based decision making. We also work to standardise the sector to promote sustainable development of mini-grids at scale. In the words of our CEO ‘Lamide Niyi-Afuye working with all stakeholders, we aim to ensure deployment of sustainable energy solutions in areas on the African continent where “there’s life beyond the grid, but no light beyond the grid.” 💡 ⚡ Let's light up the future together! http://wrld.bg/JH8o50RjnK7 #PoweringAfrica

Energicity plans to enter new markets. Read Nicole Poindexter - Founder and CEO of Energicity's interview on The Africa Report

Strategies to Accelerate Investment for Clean Energy in Africa 🌍 Africa's energy sector stands at a critical juncture. With a rapidly growing population and over 600 million people still without access to electricity, there's an urgent need for significant investment to bridge the gap. To meet the continent's energy needs, investment in the sector must double to over $240 million by 2030, with a strong focus on clean energy. Join us in London on 19 September as we, in collaboration with Baker McKenzie, bring together industry experts Philip Thomson Nisrin Abouelezz, MBA, Nwanne Modunkwu & Tim Streeter to discuss strategies to overcome the challenges facing the continent’s energy sector, focusing on policy regulation, navigating the risk landscape, and methods to attract increased investment in the clean energy sector. Find out more: https://lnkd.in/dnd5Nd8U #CleanEnergy #AfricaEnergy #SustainableInvestment #Energy