<p>Events marking the 5th anniversary of the <strong>Renewable Energy Potential Seminar Series</strong> in Nigeria climaxed with a two-part seminars held in Lagos on Wednesday, November 20, 2019, at Sheraton Hotel, Ikeja, Lagos with the Oyo State Commissioner for Energy and Mineral Resources, Barr.Temilolu Ashamu in attendance and on Friday November 22, 2019 at the Envoy Hotel in Abuja. The seminars series, which began in 2014, has birth unprecedented awareness and institutionalized strategic directionS for growth in the clean energy sub sector.</p>



<p>While speaking in Lagos at
the 20th edition of the seminar series, themed: “Energy-as-a-Service”, the
Deputy Consul General of the Federal Republic of Germany,
Lagos, Alexandra Herr, lauded the impact of the series on renewable energy
promotion at scale in Nigeria since inception. “It’s five years now and this is
a very special occasion for us. We are proud of the successes recorded through
these series so far which among others include building local capacity,
providing networking opportunities for stakeholders, advocacy and last but not
the least, connecting businesses and developers on both technical and project
partnership basis. Today, it is crystal clear that renewables have good
prospects for C &; I users, and could be the future for achieving universal
energy access in Nigeria”, she concluded. </p>



<p>However, the huge successes that have been recorded and expected milestones in the years ahead cannot be completely disconnected from proper funding. “Energy landscape is transforming. Demands are high because of population growth, decolonization and emergence of electric vehicles. This has created a huge market. And Bettervest GmbH is available to erode the financial worries from players in the industry” Lawrenece Edeke, Country Manager, Bettervest GmbH, stated.</p>



<p>He added that “at Bettervest, we can raise from $50 to $10,000. We do 300, 000 Euro on the average. We finance projects that have promo financial model. We focus on energy efficiency and renewable. We fund Nigerian companies. We fund implementation but companies must have financial credentials. Payment is annual but there must be due diligence including 3rd party for quality assurance” Edeke submitted. The Bettervest submission came as a big relief to players in the industry who have been slowed down by funding.</p>



<p>On its part, Oyo State government emphasized its friendly disposition to private sector initiatives. Barrister Temilolu Oluwaseun Ashamu, Oyo State Commissioner for Energy and Mineral Resources, who represented the State government commended the Consulate General of the Federal Republic of Germany in Lagos for its altruistic commitment to the renewable energy sector saying that Governor Seyi Makinde’s determination to exterminate darkness from Oyo State through the <strong>Light Up Oyo</strong> initiative is in alignment with the Delegation of German Industry and Commerce in Nigeria Seminar series. “ We have commenced the <strong>Light Up Oyo</strong> programme from the interchange with LED bulbs to be powered in a renewable manner. We want to create energy security. We encourage industries to come to Oyo State. We are working on waste to energy programmes. Therefore, we are a willing and a readymade partners”, Ashamu stated.</p>



<p><strong>The solution in Energy–as-a-Service, EaaS </strong></p>



<p>Energy–as-a-Service, EaaS,
 ;is a disruptive business model which
demystifies the electricity supply and demand value chain from a business-to-consumer
(B2C) perspective by passing on these burdens ―design, procurement, implementation,
maintenance and services―to the service provider without the customer taking on
additional overhead energy cost.</p>



<p>Considering that EaaS
offers not only full-range service packages and embedded financial instruments
with customers only paying monthly subscription or leasing fee, more
importantly, it is highly flexible and dynamic in nature. “This sort of
flexibility allows vendors / providers the avenue to redeploy the system to
another client in the event of an outright contract failure”, said Godwin
Aigbokhan, Head of the Energy and Environment Desk, Delegation of German
Industry and Commerce in Nigeria. He further on stressed that EaaS with
renewables offers cost-reflective, 24/7 and carbon neutral power supply for businesses
and residential estates. “I think that it is rather a creative solution for
both parties (buyer and seller) in that it has system efficiency and
optimization weaved into the entire process from start to finish”, said Mr.
Aigbokhan as he introduced the topic.</p>



<p>By pre-financing
electricity asset and leveraging microgrid / distributed energy resources, EaaS
is steadily charting  ;new business cases
which could help to improve energy management service delivery and efficiency.
Given the increasing demand for ancillary products and services including cost risk
management and energy management solutions among electricity customers
especially across commercial and industrial (C &; I) market segments, traditional
energy industry is gradually shifting from on-grid to decentralised system designs
and product offerings. This evolving trend is anticipated to spur a huge demand
for third party vendor-based energy-as-a-service (EaaS) solutions in the near
future.</p>



<p>“As a facility manager and
business owner, one of the last things you want to really worry about for your
daily business operation is electricity. EaaS with renewable solutions (Solar
PV) is more attractive, sustainable and even adequate for sustainability goals
in contrast to conventional (fossil-fuel based) power purchase agreements,”
said Helmut Kulitz, Deputy Head of Mission, German Embassy Abuja while
delivering his welcome address in Abuja. Because EaaS carves open opportunities
for liberalised retail electricity brokerage services― a willing buyer, willing
seller scenario―; monopoly is mitigated with better options for buyers and a
healthy competition among service providers.</p>



<p>Financed by the Foreign
Energy Policy Fund of the German Ministry of Foreign Affairs (AA), the seminars
were facilitated by the Consulate General of the Federal Republic of Germany in
Lagos, Delegation of German Industry and Commerce in Nigeria and the German
Embassy Abuja.</p>



<p>Both sessions were
moderated by Olabode Sowumi, CEO, Cabtree Ltd. And speakers were Alexandros
Papachristou, Country Coordinator Nigeria, Soventix GmbH; Kolawole Akinboye,
Vice-President, Projects (Rensource Distributed Energy Ltd); Ayodeji Ayegbajeje
and Benjamin Bako, Private Sector Development Specialists, GIZ Nigeria; and
Lawrence Edeke, Country Director-Nigeria, Bettervest GmbH.</p>



<p>Partners over the five years includes but not limited to SCAO, Festo, Solar 23, 2G, Atmosfair, Deustche Bank, Peiron, AB Micro Finance Bank, SAP, Siemens,Jos-Hansen, ILF Consulting Engineer, Heidelberg, DHL. Others are BASF, Bayer,
GFK, Luftansa, Merck, Gormant, Bosch, Chi, Dermalog, Solonic, RDM, Julius
Berger, Stallion, KHS, Karcher, Knauf, Big Dutchman, Blickle and Krones among
others.</p>

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