2017 Business Plan and Strategy Renewable Energy Association of Nigeria
About Us • An Umbrella for the other associations of renewable energy sector in Nigeria . • Providing a unified platform for all Renewable Energy Companies, practitioners, professionals and promoters to speak with one voice. • Contribute to the development of (Private Sector friendly) policies. • REAN will work to develop the market and improve the environment for its members. • The Association was formally launched on November 24 th , 2016. Our Vision To promote strategies that will improve the contribution of renewable energy up to forty percent (40%) of the National Energy Mix by 2030 ” .
Our Interim Executive Committee Segun Adaju is the President/CEO, Consistent Energy Limited a social enterprise creating energy access for off-grid communities and small businesses through deployment of stand-alone, rooftop solar PV for productive use. He is also the lead consultant of Blue Ocean Nigeria, a renewable energy consulting President firm. Habiba Ali is the managing director and CEO of Sosai Renewable Energies Company, one of the largest distributors of renewable energy appliances in Nigeria. Ali also co-founded the Developmental Association for Renewable Energies (DARE), a member of the Partnership for Clean Indoor Air and she holds an MBA and a BSc. in accounting. Vice President Hannah Kabir is the Managing Director of Creeds Energy and she started her career in the Public sector but here career experience spans customer support, marketing, corporate strategy, research and relationship management. She has a BSc in Business Economics and a MSc in Renewable Energy & Enterprise Management. Treasurer Godwin Aigbokhan is a Clean Energy professional whose career has seen him perfom in various functions in the Natural Gas, Power and Renewable Energy sectors. He is currently The Renewable Energy Markets Advisor at the National Competitiveness Council of Nigeria where he provides support Executive Secretary for RE projects to reach bankability
Our Advisory Board Members Ify Malo leads the P4All Campaign in Nigeria and is the CEO of Clean Tech Hub and the Energy Innovation Center. Ify has also held various Senior Policy Advisory roles in the Ministries of Power and Finance as well as the NERC. Ify is a qualified attorney with a focus on Global Policy, project design and management Advisory Board and is a Desmond Tutu Fellow and a Dwight Eisenhower Fellow Dotun Tokun is a distinguished Electrical Engineer and the CEO of BOT Engineering (est. 1990) and Solar Mate (est. 1996) one of the pioneer companies in this industry. He is a member of the Nigerian Society of Engineers, the Council for the Regulation of Engineering in Nigeria, the American Solar Energy Society and the Alliance for Rural Electrification. Advisory Board Olasimbo Sojirin is the Country Manager of Solar Sister International. She is a community organizer and an advocate for climate change progress and women’s rights. She joined the British Council in 2004 where she worked on partnership projects and moved to a UNDP project to lead advocacy efforts for climate change legislation. Advisory Board Femi Adeyemo co - founded Arnergy in 2014 to provide 24 hours solar power in off grid rural poor villages for as low as US25 cent a day per home leveraging credit analytics and prepaid metering technologies. Femi is particularly skilled at co-ordinating the deployment and Operation of large scale infrastructure projects, Advisory Board ranging from Solar Energy to Telecommunication.
Our Organogram Segun Adaju, President Godwin Aigbokhan, Exec. Secretary Secretariat Staff Habiba Ali, Hannah Kabir, Advisory Board Vice President Treasurer IEC Tenure to Expire December 2017
Our Supporters
Benefits of REAN membership • Organizing Conferences, Exhibitions, B2B Matchmaking, Trade Missions, Webinars: The Solar Future Conference, April 2017 • Capacity Building and Professional development (especially to access Finance) • Leading the RE advocacy efforts for the promotion of local content in the RE sector • REAN will provide a platform for lobbying the government to enact favorable policies in the sector (e.g. Reduced Tariffs for RE equipment in the country). • Establishing and enforcing standards within the sector through the development of quality control tests. Legal Status • Legally registered as “REAN Network and Projects” • EXCO to contest CAC rejection and secure preferred name. • Association to be incorporated by Trustees • EXCO in contact with Eminent Nigerians under consideration for BoT
RE Market Potential • Enormous Potential • Low Exploitation. Bioenergy Hydro Solar Wind No contribution to Contributes 15% of No Contribution to No contribution to On-Grid Energy Mix On-grid Energy Mix On-Grid Energy Mix On-Grid Energy Mix Potential: Potential: Potential (mainland): Potential: 4.0 – 6.5kWh/m²/day 2 – 4m/s @ 10m height 14.75GW Agric Residue,MSW, Animal Residue, Current exploitation: Current Exploitation: Current Exploitation: Current exploitation: <2GW (Small & Large) 20 MW of PV None (Electronic WIS Meso Scale (dispersed) Available) Largest Project: Largest Project: Largest Project: Largest Project: PRESCO Biogas Kianji (0.8GW) 10 MW (Planned) New IPPs (Planned)
RE Market Potential • Enormous Policy Progress made over the last two years • National Renewable Energy and Energy Efficiency Policy • Feed In-Tariffs • 14 PPAs for Solar IPPs • Rural Electrification Strategy and Implementation Plan • Mini-Grid Regulations (Draft) • National Grid Capacity Expansion projects • Shift in the consideration of RE’s position in Nigeria’s Energy Mix • Vision 30-30-30: Sustainable Energy for All Action Agenda and the National Renewable Energy Action Plan (NREAP); RE to contribute 30% of On-grid Generation Capacity of 30GW by 2030. • Planned issuance of Green Bond for RE projects in 2017
Membership Categories 1 Year Track Record in RE Space Business Operators or Advocate 01 Open to Individuals Corporate bodies, NGOs, Academic Institutions Active in RE Space for at least Two Years Corporate 02 Individual and Members Institutional Members Fulfill Obligations to REAN Interest in RE Any Individual or Organization 04 Student Associate Members Members Any Individual Undergoing Education/Training 03 Recognized Institution
Membership Fees S/No. Category Fees Amount Full Membership Fee N100,000 1 Individual Members Annual Subscription N 50,000 Full Membership Fee N100,000 2 Corporate and Institutional Members Annual Subscription N 50,000 Full Membership Fee N 50,000 3 Associate Members Annual Subscription N 20,000 Full Membership Fee N 5,000 4 Student Members Annual Subscription Gratis
Our Members
5 Year Financial Projections 550 18 Steady Growth in Membership 16 expected between 2017 and 2021 450 14 MILLIONS (NAIRA) 350 12 MEMBERSHIP Membership growth in Year 1 to be 10 driven by Corporate Membership 250 8 150 6 Increased visibility after Year 1 4 expected to drive other categories 50 2 2017 2018 2019 2020 2021 -50 0 Revenue to be used for daily YEARS Operations, Salaries and Projects Individual Corporate Associate Student Revenue
Membership Commitments to Date S/No Category Members Membership Outstanding Expected Annual fee/Annual Membership Dues against Dues fees Total Jan. 2017 (NGN) Total (NGN) (NGN) 1 Individual 0 0 0 Corporate and 16 1,100,000 500,000 800,000 2 Institution Associate 0 0 0 3 4 Student 0 0 0 In kind donations *1,360,000 5 TOTAL 2,460,000 500,000 800,000 • *NGN400,000 from HBF and $2,000 (NGN960,000) from P4All • Channeled to REAN Launch .
2017 Expenses Item Amount 1,100,000 Opening Balance Expense from REAN Funds 70,000 *Video/Photo (Luke) Identita 75,000 *Valoir Events 295,000 55,000 Lawyer Registration *Eko Hotel Catering 425,000 Total Expenses 920,000 Bank Charges Closing Balance 180,000 • Channeled to REAN Launch .
Activities Planned for 2017 Secretariat Activities Jan 2017 Develop Website (Awarded) Board of Trustees Feb 2017 Secretariat Feb 2017
Activities Planned for 2017 Confirmed/Planned Events Advocacy Meetings Quarterly 2017 with MDAs Apr 2017 TSF Conference Apr 2017 RECP Trade Mission Dec 2017 AGM/Conference
Key Advocacy Positions SME Finance Lack of Awareness VAT & Tariffs Lead Government Agency
Key Advocacy Positions 1. SME Finance • REAN to partner with Government/Donors on design of Access to Finance schemes/funds designed to support the market • Grants to business to enable them to attract investment/bear higher interest • Donor grants to national banks to onlend at lower rates • More patient capital – Long tenure. Need for support along the financial continuum (from startup to established business, grant to loan) • Loan guarantees for the sector • Need for training and support to banks to build skills/experience to do due diligence & more effectively assess risk in the sector • Linked to other approaches • REAN Commitment to Quality – To help attract Investors • Better Investor understanding of market as well as businesses • TA to REAN members for Investment readiness
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