IN recent years, the world has marched towards renewable energy. According to a new report by the International Renewable Energy Agency (IRENA), unsubsidized renewable energy is now most frequently the cheapest source of energy generation . The report finds that the cost of installation and maintenance of renewables, which was an important stumbling block to mass adoption, continues on a downward trajectory.
Adding to existing efforts made by governments and businesses, these lower costs are expected to propel the mass adoption of renewables even further. The report further touches on the importance of renewables in sustainable development and the need for governments to help achieve the climate goals of the Paris Agreement, coming just months before the United Nations’ Climate Action Summit being held in Abu Dhabi in September this year.
Among other findings the IRENA report highlights that:
- Onshore wind and solar PV power are now, frequently, less expensive than any fossil-fuel option, without financial assistance.
- New solar and wind installations will increasingly undercut even the operating-only costs of existing coal-fired plants.
- Low and falling technology costs make renewables the competitive backbone of energy decarbonization – a crucial climate goal.
- Cost forecasts for solar PV and onshore wind continue to be revised as new data emerges, with renewables consistently beating earlier expectations.
Further data from REN21′s Renewable Global Status Report show that over one fifth of global electrical power production is now generated from renewables.
Growing Environmental Concerns
The detrimental impact of climate change, including more intense heat waves, rising sea levels, and loss of sea ice, is rapidly becoming more apparent across the world. These alarming trends are projected to worsen at a temperature rise of 2°C above pre-industrial levels according to the Intergovernmental Panel on Climate Change.
As the data depicts, ridding the world of fossil fuels and eliminating the impact of climate change relies on championing the adoption of renewables, a roadmap that requires a concerted effort from businesses, governments, and individuals. Sustainable energy continues to be a key priority for the United Nations, which includes energy in its Sustainable Development Goals (SDGs). The SDG 7 champions renewable energy adoption for the entire world, requiring governments to “ensure access to affordable, reliable, sustainable, and modern energy for all”.
The Reducing Cost Of Renewables
For many years, financing entities perceived renewables as risky because of high cost, leading to high lending rates for individuals and businesses that need funding for renewable power generation. As the IRENA report depicts, this trend has been on the decline since the early 2000s. The worldwide weighted average cost of electricity from solar power concentration fell by 26%, that of bioenergy reduced by 14%, solar photovoltaics, geothermal, onshore, as well as offshore wind, fell by 14%, and hydropower by 12%.
Connecting The Dots
These new statistics demonstrate that using renewable energy is increasingly cost-effective compared to other sources, even when renewables must compete with the heavily-subsidized fossil fuel industry . Promising signs in the IRENA report show that more an increasing number of corporates are entering the renewable energy industry as the number of Power Purchase Agreements (PPAs) rise, meanwhile more than 10 million people are now employed in the global renewable energy industry.
Culled from Forbes
Facebook celebrates key milestones for sub Saharan Africa in 2019
Facebook on Thursday released its ‘2019 Year in Review’ infographic, showcasing just some of its investments across Sub-Saharan in 2019. Committed to giving people the power to build community and bring the world closer together, throughout the year this translated into significant support and investments into growing the ecosystem of developers, entrepreneurs, creatives, and many other communities.
During 2019, Facebook Africa:
- Trained over 7,000 woman-owned businesses in digital skills across sub Saharan Africa;
- Celebrated 79 Community Leadership Circle meetups with over 2 ,650 people attending;
- Reached its 45th Developer Circle, with circles now in 17 African countries and representing more than 70,000 members;
- Hosted the first-ever iD8 Nairobi Conference with over 400 African developers and startups in attendance;
- Expanded Third-Party Fact-Checking across 10 African countries;
- Announced the creation of the world’s most detailed population density maps of Africa, created by Facebook AI researchers to help humanitarian aid and relief agencies; and much more.
Nunu Ntshingila, Regional Director Facebook Africa, commented: “Africa is important to Facebook, and we’re committed to investing in its youth, entrepreneurs, the creative industries, tech ecosystem as well as its many other communities. Our 2019 Year in Review highlights just some of these investments, and the impact we’ve been able to have here in the region. I’m excited about the future of Facebook and our family of apps here in Africa, as well as the potential of this young, mobile and dynamic continent, and look forward to creating partnerships in 2020 and beyond.”
Check out the Facebook in Africa infographic to learn more about Facebook milestones and achievements in sub Saharan Africa in 2019.
Facebook Celebrates One Year of NG_Hub
Celebrating exactly a year to the day since the doors of NG_Hub opened in Lagos, and Facebook further cemented its ambitions to train users across Nigeria in digital skills, Facebook released an infographic highlighting key milestones over the past year
Created as part of Facebook’s ongoing commitment and investment in growing the start-up ecosystem, and in partnership with CcHub, NG_Hub is a multi-faceted space which connects and bring together developers, start-up’s and the wider community to collaborate, learn and exchange ideas. With a number of expert training and events with partners across Nigeria, undertaking in the hub and externally, the aim is to equip individuals and businesses to grow.
Some highlights over the past year includes:
- Trained over 50,800 SMBs in digital skills across 20 states in Nigeria
- Delivered 526 events with over 11,490 attendees at NG_Hub, including programmes such as AR/VR meetups, FbStart Accelerator Programme, Facebook Community Leaders Community meetings (CLCs), Developer Circle gatherings etc.
- Directly supported businesses in 11 different industries from agriculture, through to catering, education and fashion
Speaking of its one year anniversary, Adaora Ikenze, Head of Public Policy, West and Central Africa, said: “I’m proud of the incredible impact that NG_Hub has had in its first year, and continues to have on the lives of young Nigerians. We remain committed in deepening our engagement, increasing skills development and supporting the next set of innovators, tech entrepreneurs, start-ups, in our collective bid to change the face of technology and grow the economy.”
Commenting on the partnership Bosun Tijani, Founder/CEO of CcHub, added: “We’re glad about the tremendous impact Facebook’s investment in NG_HUB has had in such a short period and the ecosystem is already seeing the fruits of this commitment. We’re committed to working with Facebook to position NG_HUB as a major platform that drives smart application of technology innovation for economic prosperity across the region and beyond.”
New access to Premium Local TV channels enabled via satellite
Nigeria’s latest free-to-air (FTA) local channel bouquet, “PREMIUM.FREE”, has enabled local television broadcast audiences access to 13 new premium channels which are custom-made for African viewers. These include multinational language channels like Cinema Hausa, and popular African lifestyle channels such as True African.
Delivered via SES satellites, this innovative channel bouquet is supplied by AfricaXP, the leading independent African network, which is well-known for its compelling Nollywood catalogue and longstanding partnerships with prominent West African producers.
CEO of AfricaXP, Craig Kelly, says that working with SES has enabled PREMIUM.FREE to achieve the maximum possible reach in Nigeria. “We are confident that localization, coupled with our fresh international rights will provide the kind of content blend that modern West African audiences demand. Transmitted free-to-air via satellite, this is obviously a great offer at a price point that can’t be beaten.”
It is this blend of premium African programming with top-flight international content across a diverse range of themes from sports to movies, telenovelas, kids, factual, reality and lifestyle programming, which really sets PREMIUM.FREE apart from other channel bouquet offerings on the market.
SES, the world’s leading satellite operator with over 70 satellites, reaches over 9 million Direct-to-Home households across West Africa from its orbital position of 28.2 degrees East. Those households with existing FTA set-top boxes (STBs) will be able to start watching the new channels on their existing STBs for free.
“The Nigerian FTA market in particular offers great opportunities for growth, and we are proud to have engaged with PREMIUM.FREE to deliver a differentiated content package for Nigeria and offer more choice for viewers,” says Clint Brown, Vice President of Sales and Market Development, Africa for SES Video.
“New initiatives like this, which focus on delivering local and international content that is attractive for the end-consumer and is offered in high picture quality, will further develop consumer choice in Nigeria,” Brown concludes.
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