Business models and innovativeness of potential renewable energy projects in Africa

Wojciech M. Budzianowski; Irene Nantongo; Cleus Bamutura; Michel Rwema; Martin Lyambai; Colette Abimana; Eric O. Akumu; Yunus Alokore; Samuel O. Babalola; Amon K.K. Gachuri; Mahmoud S. Hefney Diab; Gemma Ituze; Hillary Kiprono; Gnamien C. Kouakou; Tonny Kukeera; Waffo B. Megne; Rolex Muceka; Andrew Mugumya; Jean d.Amour Mwongereza; Ogechi V. Nwadiaru; Salif Sow

doi:10.1016/j.renene.2018.02.039

Business models and innovativeness of potential renewable energy projects in Africa

Wojciech M. Budzianowski^*, Irene Nantongo, Cleus Bamutura, Michel Rwema, Martin Lyambai, Colette Abimana, Eric O. Akumu, Yunus Alokore, Samuel O. Babalola, Amon K.K. Gachuri, Mahmoud S. Hefney Diab, Gemma Ituze, Hillary Kiprono, Gnamien C. Kouakou, Tonny Kukeera, Waffo B. Megne, Rolex Muceka, Andrew Mugumya, Jean d.Amour Mwongereza, Ogechi V. NwadiaruSalif Sow

^*Corresponding author for this work

IMP Innovation, Strategy and Sustainability

Research output: Contribution to journal › Article › peer-review

Abstract

This study provides an overview of potential renewable energy (RE) projects for Africa. Pan African University master students were asked by their lecturer to characterize African projects they had in minds in uniform tables. Items of the project investment plan include project synopsis, the sponsors, market analysis and strategy, project scope, regulation and environmental information, project costs, financial projections, business model, and project innovativeness. Students’ RE projects are assessed with emphasis put on employed business models and project innovativeness. Criticalities for the implementation of these projects are discussed in African contexts providing outlook for future investment opportunities in the African continent. The work provides insights from the local students’ perspective for the various stakeholders interested in RE project investments in Africa. Useful suggestions formulated directly by young Africans are presented which may contribute to improved risks management when these or other potential RE projects will be deployed. Inputs from local people on how they understand the process of implementing RE projects in Africa might be interesting for investors seeking information about suitable ways for RE project deployment. Students characterize local contexts and identify numerous barriers for deployment of RE systems in Africa. Overall, this study explains the potential lying in renewable energy harvesting in Africa, seeks to emphasize major barriers for implementation of RE projects as well as investigates investment opportunities to implement economically feasible RE projects for cleaner and climate friendly energy future of this continent.

Original language	English
Pages (from-to)	162-190
Number of pages	29
Journal	Renewable Energy
Volume	123
DOIs	https://doi.org/10.1016/j.renene.2018.02.039
Publication status	Published - Aug 2018

Keywords

Africa
Business model
Innovativeness
Investment opportunity
Local student perspective
Project
Renewable energy

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/j.renene.2018.02.039

Cite this

Budzianowski, W. M., Nantongo, I., Bamutura, C., Rwema, M., Lyambai, M., Abimana, C., Akumu, E. O., Alokore, Y., Babalola, S. O., Gachuri, A. K. K., Hefney Diab, M. S., Ituze, G., Kiprono, H., Kouakou, G. C., Kukeera, T., Megne, W. B., Muceka, R., Mugumya, A., Mwongereza, J. D. A., ... Sow, S. (2018). Business models and innovativeness of potential renewable energy projects in Africa. Renewable Energy, 123, 162-190. https://doi.org/10.1016/j.renene.2018.02.039

@article{f478951cb7054f8d9816d78dcab95bf7,

title = "Business models and innovativeness of potential renewable energy projects in Africa",

abstract = "This study provides an overview of potential renewable energy (RE) projects for Africa. Pan African University master students were asked by their lecturer to characterize African projects they had in minds in uniform tables. Items of the project investment plan include project synopsis, the sponsors, market analysis and strategy, project scope, regulation and environmental information, project costs, financial projections, business model, and project innovativeness. Students{\textquoteright} RE projects are assessed with emphasis put on employed business models and project innovativeness. Criticalities for the implementation of these projects are discussed in African contexts providing outlook for future investment opportunities in the African continent. The work provides insights from the local students{\textquoteright} perspective for the various stakeholders interested in RE project investments in Africa. Useful suggestions formulated directly by young Africans are presented which may contribute to improved risks management when these or other potential RE projects will be deployed. Inputs from local people on how they understand the process of implementing RE projects in Africa might be interesting for investors seeking information about suitable ways for RE project deployment. Students characterize local contexts and identify numerous barriers for deployment of RE systems in Africa. Overall, this study explains the potential lying in renewable energy harvesting in Africa, seeks to emphasize major barriers for implementation of RE projects as well as investigates investment opportunities to implement economically feasible RE projects for cleaner and climate friendly energy future of this continent.",

keywords = "Africa, Business model, Innovativeness, Investment opportunity, Local student perspective, Project, Renewable energy",

author = "Budzianowski, {Wojciech M.} and Irene Nantongo and Cleus Bamutura and Michel Rwema and Martin Lyambai and Colette Abimana and Akumu, {Eric O.} and Yunus Alokore and Babalola, {Samuel O.} and Gachuri, {Amon K.K.} and {Hefney Diab}, {Mahmoud S.} and Gemma Ituze and Hillary Kiprono and Kouakou, {Gnamien C.} and Tonny Kukeera and Megne, {Waffo B.} and Rolex Muceka and Andrew Mugumya and Mwongereza, {Jean d.Amour} and Nwadiaru, {Ogechi V.} and Salif Sow",

note = "Publisher Copyright: {\textcopyright} 2018 Elsevier Ltd",

year = "2018",

month = aug,

doi = "10.1016/j.renene.2018.02.039",

language = "English",

volume = "123",

pages = "162--190",

journal = "Renewable Energy",

issn = "0960-1481",

publisher = "Elsevier BV",

}

Budzianowski, WM, Nantongo, I, Bamutura, C, Rwema, M, Lyambai, M, Abimana, C, Akumu, EO, Alokore, Y, Babalola, SO, Gachuri, AKK, Hefney Diab, MS, Ituze, G, Kiprono, H, Kouakou, GC, Kukeera, T, Megne, WB, Muceka, R, Mugumya, A, Mwongereza, JDA, Nwadiaru, OV & Sow, S 2018, 'Business models and innovativeness of potential renewable energy projects in Africa', Renewable Energy, vol. 123, pp. 162-190. https://doi.org/10.1016/j.renene.2018.02.039

TY - JOUR

T1 - Business models and innovativeness of potential renewable energy projects in Africa

AU - Budzianowski, Wojciech M.

AU - Nantongo, Irene

AU - Bamutura, Cleus

AU - Rwema, Michel

AU - Lyambai, Martin

AU - Abimana, Colette

AU - Akumu, Eric O.

AU - Alokore, Yunus

AU - Babalola, Samuel O.

AU - Gachuri, Amon K.K.

AU - Hefney Diab, Mahmoud S.

AU - Ituze, Gemma

AU - Kiprono, Hillary

AU - Kouakou, Gnamien C.

AU - Kukeera, Tonny

AU - Megne, Waffo B.

AU - Muceka, Rolex

AU - Mugumya, Andrew

AU - Mwongereza, Jean d.Amour

AU - Nwadiaru, Ogechi V.

AU - Sow, Salif

PY - 2018/8

Y1 - 2018/8

N2 - This study provides an overview of potential renewable energy (RE) projects for Africa. Pan African University master students were asked by their lecturer to characterize African projects they had in minds in uniform tables. Items of the project investment plan include project synopsis, the sponsors, market analysis and strategy, project scope, regulation and environmental information, project costs, financial projections, business model, and project innovativeness. Students’ RE projects are assessed with emphasis put on employed business models and project innovativeness. Criticalities for the implementation of these projects are discussed in African contexts providing outlook for future investment opportunities in the African continent. The work provides insights from the local students’ perspective for the various stakeholders interested in RE project investments in Africa. Useful suggestions formulated directly by young Africans are presented which may contribute to improved risks management when these or other potential RE projects will be deployed. Inputs from local people on how they understand the process of implementing RE projects in Africa might be interesting for investors seeking information about suitable ways for RE project deployment. Students characterize local contexts and identify numerous barriers for deployment of RE systems in Africa. Overall, this study explains the potential lying in renewable energy harvesting in Africa, seeks to emphasize major barriers for implementation of RE projects as well as investigates investment opportunities to implement economically feasible RE projects for cleaner and climate friendly energy future of this continent.

AB - This study provides an overview of potential renewable energy (RE) projects for Africa. Pan African University master students were asked by their lecturer to characterize African projects they had in minds in uniform tables. Items of the project investment plan include project synopsis, the sponsors, market analysis and strategy, project scope, regulation and environmental information, project costs, financial projections, business model, and project innovativeness. Students’ RE projects are assessed with emphasis put on employed business models and project innovativeness. Criticalities for the implementation of these projects are discussed in African contexts providing outlook for future investment opportunities in the African continent. The work provides insights from the local students’ perspective for the various stakeholders interested in RE project investments in Africa. Useful suggestions formulated directly by young Africans are presented which may contribute to improved risks management when these or other potential RE projects will be deployed. Inputs from local people on how they understand the process of implementing RE projects in Africa might be interesting for investors seeking information about suitable ways for RE project deployment. Students characterize local contexts and identify numerous barriers for deployment of RE systems in Africa. Overall, this study explains the potential lying in renewable energy harvesting in Africa, seeks to emphasize major barriers for implementation of RE projects as well as investigates investment opportunities to implement economically feasible RE projects for cleaner and climate friendly energy future of this continent.

KW - Africa

KW - Business model

KW - Innovativeness

KW - Investment opportunity

KW - Local student perspective

KW - Project

KW - Renewable energy

UR - http://www.scopus.com/inward/record.url?scp=85042176186&partnerID=8YFLogxK

U2 - 10.1016/j.renene.2018.02.039

DO - 10.1016/j.renene.2018.02.039

M3 - Article

AN - SCOPUS:85042176186

SN - 0960-1481

VL - 123

SP - 162

EP - 190

JO - Renewable Energy

JF - Renewable Energy

ER -

Business models and innovativeness of potential renewable energy projects in Africa

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this