The first section of this story laid out how worldwide finance steered capital into Nigeria's rural communities through a grant process and a tender process, both designed to boost microgrid production. This conclusion asks how these programs pay off for residents and communities-and how their lessons can grow across sub-Saharan Africa to other fast-growing regions.
Bringing about clean electricity in sub-Saharan Africa means creating credit where historically lenders have held back. Two new programs, a loan and a tender, have drawn international solar developers and raised prospects for low-pollution, high-efficiency in rural Nigeria.
When an economy freezes, does it chill utility executives' ability to transform their energy sources? Macky McCleary, who directs energy, telecommunications and infrastructure for consulting firm Guidehouse, says the world will have to keep drawing more and more power from fossil-free sources- but he also warns that the United States may bungle the post-Covid recovery and thus thwart utilities' progress. Utilities figure to benefit from capital provisions that stoke the economic recovery- if and only if the federal government can lay out plans for public safety and retraining. We share McCleary's insight as we continue rolling out "CBEYond the Moment."
As more traditional venture capital and strategic investors are beginning to evaluate blockchain for the energy industry, feasible near-term use cases such as carbon credit tracking or management of utility assets may offer more immediate returns than ventures seeking to fundamentally reshape electricity markets around peer-to-peer trading.
“Smart” contracts leverage blockchain technology to streamline and automate many of the most technical and time-consuming financial and logistical steps in smaller-scale solar development. Furthermore, smart contracts integrate peer-to-peer financial mechanisms, tapping into new capital pools for small and distributed renewable systems.