EP 07: Financing the Energy Transition in Africa

Send us Fan MailHello Sustainable Friends and welcome to this episode titled: Financing the Energy Transition in Africa.I had a wonderful and insightful time with my guest Caleb Adebayo. Enjoy!Caleb is a youth and lawyer a focuses on developing Africa to the maximum!He is an Energy, Environmental, and Finance Lawyer who just completed an LLM in Energy and Environmental Law Programme at New York University as a Dean’s Scholar. He is the Student Ambassador to the New York City Bar Association and a member of the City Bar’s Energy Committee.  Caleb also works as a legal intern at the State Energy and Environmental Impact Center in New York and is also the founder and team lead at Earthplus, an environmental nonprofit organization delivering sustainable environmental solutions across Africa. Picture this, how would you like to use solar energy for your daily activities before you pay for the full service?Is it possible for everyone to afford Solar panels on their rooftops and Solar Home Systems without having to pay so much upfront?Can anyone walk into a Nigerian electricity store today with 5K Naira and get a Solar Home System, Installation of Solar panels on his/her roof, and/or access the use of a Solar mini-grid worth 250K Naira of electricity consumption per year?Listen in to hear if that is possible especially if Solar access becomes securitized where Solar Sevices are enjoyed before you are able to pay off your Solar Sevices bills!Who then will bear the risks? The investors or the energy subscribers?How were challenges in Rwanda and Kenya overcome?Is the role of private investors to finance energy transition and how can Africa be attractive to foreign investors in this space?Oil companies now rebranding with clear Renewable Energy objectives...what is the Continent doing?Please - Listen, Like, and Share!Many thanks,@Tokunbo Ifaturoti @Let'sActAfrica