Renewable Energy Centre releases more than 20,000 solar systems to communities in order to create awareness about the benefits of renewable energy

RENEWABLE Energy Centre, Asteven Group, has deployed more than 20,000 solar home systems to some communities. Sunny Akpoyibo, managing director of the company, said the group and its subsidiaries were established to, among other things, support the federal government to address the challenges of the negative perception surrounding off-grid solutions and the limited awareness of the benefits of renewable energy.

Akpoyibo, who made this known during the launch of the Asteven Renewable Energy Academy and Centre of Excellence in Ogun State, said his firm was in the market to encourage massive adoption of renewable energy technologies and help the government develop policies that would encourage the sub-sector rather than comparing it to other well-established traditional fossil fuel based sub-sectors.

He also noted that the company would address lack of technical competence and capacity which delayed the development of the sector with opportunities for job creation taken elsewhere.

He observed that the initial high cost of installing and deploying solar solutions whether for home systems, off-grid or mini-grids was a challenge to the traditional sources of funds, as banks and financial houses needed to understand the peculiarities of financing solar energy technologies, adding the government cannot do it alone

The academy, he said, was committed to developing local capacity, changing the course of power access in Nigeria and increasing job creation.

– Mar. 9, 2018 @ 13:24 GMT |