The project is led by Anfani Ltd
Anfani is a renewable energy brokerage platform for the unbanked and underserved that addresses the affordability of renewable energy solutions for micro, small and medium enterprises and households in sub Saharan Africa.
"Our solution seeks to make renewable energy investments available to investors, both retail and institutional, while also making energy available for businesses and MSME's that need them for productive use." (Abiola Apooyin, head of business and product strategy at Anfani Energy Limited)
Context
The product is an innovative marketplace that tokenises renewable energy assets, such as solar and wind farms, as real-world assets on the blockchain. This revolutionary approach addresses the significant energy access gap in Nigeria, where approximately 85 million people still lack electricity.
By leveraging blockchain technology, the solution enables renewable energy investments to be accessible to a broad range of investors, both retail and institutional. Additionally, it seeks to make clean energy readily available for businesses and MSMEs, supporting productive use and fostering economic growth in underserved regions.
Objectives
Bridge the energy access gap: Provide renewable energy to businesses and MSMEs to stimulate productivity and economic development.
Democratise renewable energy investments: Make renewable energy assets accessible to retail and institutional investors through blockchain tokenisation.
Scale the solution effectively: Leverage technical support to enhance the scalability of the product and prepare it for market expansion.
Foster partnerships and adoption: Establish strategic collaborations that will drive adoption and ensure the success of the marketplace.
Activities
Tokenisation of renewable energy assets: Develop and expand the marketplace to tokenise assets like solar and wind farms, enabling secure and transparent blockchain-based investments.
Market preparation and scaling: Utilise technical support to refine the product for market readiness, ensuring that it can scale efficiently to meet demand.
Partnership development: Engage with key stakeholders and partners to build critical relationships that will facilitate adoption and expand the reach of the solution.
Energy distribution for productive use: Ensure renewable energy is distributed effectively to businesses and MSMEs, enabling them to leverage energy for their operational needs.
Impacts
Improved energy access: The solution will provide electricity to underserved communities, reducing the energy gap for millions of Nigerians.
Increased investment opportunities: By tokenising renewable energy assets, investors gain access to a new, transparent market, encouraging more significant investment in clean energy.
Economic empowerment: MSMEs and businesses benefit from reliable energy, boosting productivity, job creation, and economic growth.
Enhanced adoption of clean energy technologies: Strategic partnerships and market scaling efforts will drive widespread adoption of the solution, promoting the use of renewable energy across Nigeria and potentially beyond
