This project streamlines the monetisation of environmental commodities such as Carbon Credits and Renewable Energy Certificates (RECs) from solar mini-grids through an innovative digital MRV (monitoring, reporting, and verification) platform to provide sustainable financing for solar energy projects.
Progress
- Development of 3D printed and virtual hardware for solar development
- Became a member of Renewable Energy Association of Nigeria (REAN)
- Installation of pilot solar mini-grids
- Software development of ecoWise web architecture ready for first 500 solar projects
- Project partnerships agreed, including a solar developer
Highlights
Villages are not served with power but they provide for country, for example, they need light for farming, mining and fishing. Now the mini-grid is providing power as well as extra revenue through carbon credits. It is reducing energy costs and supporting a move away from aid.
“Collaboration is key. When developing climate solutions it’s got to be developed with the people – they are not beneficiaries, they are the most important stakeholders. It’s got to be co-produced. For us, its solar developers and small, remote communities.”
