(2 May 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
1. Various of houses with solar panels
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
2. Various of Prince Ojeabulu
++PARTIALLY COVERED++
3. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy:
“If you are using fossil fuel generation you have a lot of carbon emission and these things are not good for their atmosphere and what businesses like us try to do is to address such issues 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
4. Various of person installing solar panel
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
++COVERED++
5. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy:
“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.”
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
6. Person installing solar panel
7. Wide shot of Lagos
8. Wide of person installing solar panels
9. Tight of hands during solar installation
ASSOCIATED PRESS
Lagos, Nigeria – 17 April 2024
++PARTIALLY COVERED++
10. SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy:
“I think room for improvement is now to see that bigger investors now look at the model and participate to help scale the players who are now moving beyond that seed capital stage and help them expand and solve the problem.”
ASSOCIATED PRESS
Lagos, Nigeria – 21 March 2024
11. Medium of solar panels on room
12. Pan of Lagos
STORYLINE:
AFRICAN CLIMATE-TECH STARTUPS ARE INCREASINGLY RAISING MONEY FROM LOCAL AND FOREIGN VENTURE CAPITAL AND PRIVATE EQUITY FIRMS.
SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy
“If you are using fossil fuel generation 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.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.”
BUT WHILE INVESTMENT IS GROWING, A HUGE GAP REMAINS IN FULLY FUNDING AFRICA’S CLIMATE GOALS, WHICH WOULD REQUIRE NEARLY 300 BILLION DOLLARS ANNUALLY.
EXPERTS SAY THERE IS STILL A LONG WAY TO GO. TO UNLOCK FINANCING, AFRICAN COUNTRIES NEED TO ADDRESS RISKS SUCH AS CURRENCY INSTABILITY, AND LOOK INTO DIVERSIFYING FUNDING METHODS.
SOUNDBITE (English) Prince Ojeabulu, CEO, Rensource Energy
“I think room for improvement is now to see that bigger investors now look at the model and participate to help scale the players who are now moving beyond that seed capital stage and help them expand and solve the problem.”
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