During the 2019 edition of Future Energy Nigeria (FEN) in Lagos in November, the event launched a RE Pitch Session for renewable energy entrepreneurs to connect bankable projects with potential investors and advisors from banks, DFIs and the private equity sector.
Future Energy Nigeria strives to make a valuable contribution to the Nigerian power sector by sharing ideas and best practice in the conference sessions and by providing a place to network and do business.
Following the hugely successful and packed Pitch Session, ESI Africa received exclusive feedback from the participants of this unique RE initiative, presented in partnership with NexTier, Renewable Energy Association of Nigeria (REAN), and Renewables in Africa.
Driver for socioeconomic change
“Improved access to finance will drive a successful scale-up of renewable energy projects,” says Lande Abudu, REAN’s Executive Secretary: “It really is about the future and laying the foundation for a successful and vibrant sector, not only to achieve Vision 30:30:30 and reduce greenhouse gas emissions but also for its potential to transform lives across Nigeria and be a driver for huge socio-economic change.”
Godswill Ugochukwu, NexTier Power Analyst and moderator of the RE Pitch Session at FEN was impressed with the standard of the presentations: “The renewable energy projects were pitched with precise clarity on the project scope, market potential and expected returns.
It was interesting to see that the room could barely contain the session audience, which reinforces the quality and novelty of the ideas. We have already opened talks with reputable organisations who are willing to build on the success of this debut session with us to increase awareness on innovative renewable solutions and support the incubation of renewable energy companies beyond the start-up phase.”
“From our side, we are even more confident about the role of the project developers, financial institutions and, of course, the Government, in fostering a viable ecosystem that supports private sector investments and collaborations in renewable energy technologies. The pitch ideas are currently being reviewed by local and international institutions. We are excited to stimulate these conversations towards significant investment or partnerships before the end of the year. The pitch session series will definitely continue.”
About Future Energy Nigeria 2019
In November last year, Future Energy Nigeria gathered 1,445 power and energy professionals in Lagos for the 16th edition of this long-running conference and exhibition, featuring 64 expert speakers.
Leading industry partners and suppliers SkipperSeil, Jubaili Bros and Greenville LNG returned as sponsors and the exhibition featured some 90+ leading global and local technology and services providers for the power and energy industry, including country pavilions from South Africa and India. During the event, the Utility CEO Forum: West Africa also gathered the region’s power executives and leaders.
Source: ESI Africa
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