Pre-launch clean energy transition platform framework sub-Sahara Africa
"I have not seen light like this since I was born,” said Iyaeleko
Platform Name: Rapid Energy Access Deployment Platform
Mission Statement John 8:12 Light 2 World transforming communities and ultimately a nation through the guiding principles of C.R.O.P.S (Creating Raising Opportunities for Purpose in Society).
Inviting environment social investors to have an impact with development and strategic sustainable responsible green asset bond impact investment partners to accelerate clean energy transfer to poorest pyramid base communities.
Investors identified it as a critical part of making green energy technology transfer sub-Sahara Africa a sustainable reality.
Presenting innovative game changing unique alternative to connect millions of urban rural low-income communities to renewable energy clean technology for urban, rural homes left behind by the green energy revolution,
Challenge
World bank interim report 2017 estimates Nigeria would have to connect 500,000 to 800,000 rural and urban connections per year to reach universal energy access by 2030.
Solution
Light2World, a not-for-profit R&D social enterprise based in the UK has developed a Rapid energy access deployment (R.E.A.D) platform.
As a structured framework incorporating key deliverable outcome expectations of sustainable development goals SDG1 SDG3 SDG7 SDG13 solving
Energy trilemma of cost, emissions, energy security.
Investment trilemma of return on investment, sustainability, scalability, offering an investment haven for medium to long term investments yields projection outperforming average stock market with measurable social economic impact.
Consumer trilemma of affordability, available business model, available finance.
Key deliverable outcomes of platform
Financial gateway
Developed offering end to end transparency financial institution.
Governed by international ISO standards.
Offering security of investments compliant to international standards and best practice
Enabling secure audit track and trace abilities of investments affordable product and business model fit to local market in place.
Support Communities in Nigeria with Renewable Energy: The Rewards Far Outweigh the Risks
Risk
Nigeria and sub-Saharan Africa in general has no national credit history database of citizens.
Reward
Community payment profile developed based on intellectual property registered design UK. Community renewable energy solar device designed to support multiple connections reducing connection cost per household and improving ability to pay leading to ownership of clean energy devices replacing kerosene lamp, generator use carbon emissions with return on investment.
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