(2 May 2024)
NIGERIA CLIMATE TECH
SOURCE: ASSOCIATED PRESS
RESTRICTION SUMMARY:
LENGTH: 4.42
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
1. Various of houses with solar panels
2. Various of solar panels being installed
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
3. Various set up of Prince Ojeabulu
4. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy:
“Automatically if you are using fossil fuel generation, which is the main stay in this side especially Sub-Saharan Africa, focusing more on West and Central Africa right, you have a lot of carbon emission and this things are not good for their atmosphere and what businesses like us try to do is to address such issue by using clean and sustainable energy at a scale that is equal to what the grid does, or equal to what larger fossil fuel diesel generators do.”
ASSOCIATED PRESS
Lagos , Nigeria- 21 March 2024
5. Various of solar panel installation
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
6. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy
“There was a perception that needed to be broken which we had to do, so, that difficulty was there but a good thing was that we had a lot of early backers who believed that the solar industry would become what it is today which is there will be a lot of investment in the space, there would be advancement in technology and also the reduction in cost as a result of it.”
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
7. Various of solar panel installation
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
8. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy
“In 2015 it was a lot more easier, you had a lot of VC (Venture Capital) backed, VCs very much interested in renewable energy company, you had a lot of grants, giving the strategy at that time was to actually get patient capital that can enable the growth of a lot of the players. Now we are already in, the industry is a bit more tighter given the value chain is expanded and players are now looking to specific areas in the value chain to play in and the to that we are now also seeing successful and unsuccessful businesses.”
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
9. Various of solar panel installation
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
10. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy
“What we are doing simply is by addressing in that same manner decentralised energy so, if we could swap a generator with solar panels one at a time, then we are fixing that problem. Now what we are now doing is doing it on a larger scale. Right now, Rensource has 2 megawatts of solar capacity in operations all through Nigeria and we are looking to do 20 megawatts this year, that’s already in process and we are looking to get about 160 megawatts in the next 5 years.”
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
11. Mid of solar panel installation
12. Completed solar panel installation
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
13. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy
“A lot of the VCs (Venture Capital) playing in this space right now in Africa are doing a really fantastic job, I think room for improvement is now to see that bigger investors now look at the model and participate and take the level of risk that VCs will not be able to venture into to help scale the players who are now moving beyond that seed capital stage, were moving beyond that VC stage and then help them expand and solve the problem.”
ASSOCIATED PRESS
Lagos, Nigera – 21 March 2024
14. Various of solar panel on a house
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