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Finance Models for Rural Electrification from Renewable Energy Schemes

John, Temitope M. and Ucheaga, E. G. and Orovwode, H. E. and Wara, S.T. (2017) Finance Models for Rural Electrification from Renewable Energy Schemes. In: 11th International Renewable Energy Storage Conference, March 2017, Dusseldorf, Germany.

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This paper explores different payment models for Renewable Energy (RE) schemes that have been implemented in different rural, urban and peri - urban areas in Sub-Saharan Africa. We discuss their mode of operations, successes accrued and challenges encountered. We give reasons why some have failed while others still exist and are growing stronger. The paper proffers solutions to the challenges and provides alternate models that could be adopted. The importance of providing sustainable payment models is that it would allow for the wide spread adoption/acceptability of renewable energy technologies and also ensure that RE service providers are well advised on the advantages involved in engaging with the rural poor, who are low income earners and at the bottom of the income pyramid.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > T Technology (General)
T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 18 Jan 2018 12:20
Last Modified: 18 Jan 2018 12:23

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