Renewable Energy Business News

Nigeria’s Returning Entrepreneurs: Horizon Capital Investment (HCI) & Veda Technology

Kabir Audu has returned to Nigeria after working on Wall Street

Kabir Audu has returned to Nigeria after working on Wall Street

Kabir Audu is a very successful Nigerian. He’s 30. And he has an idea.

“It was Ben Gurion in the late 1940s,” he says.

“He called on Israelis around the world to come home. To build an Israel greater than their wildest imagination.”

He pauses.

“We see Nigeria every day – tremendous talent, this tremendous potential. Imagine if it’s wielded toward one vision.”

Kabir and his friend Tunji Abdul are living proof of Nigeria’s mass migration homeward.

Both were making a fortune on Wall Street. Both were bored. They launched Horizon Capital Investment (HCI). Read the rest of this entry »

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Southern Africa Set for a Flood of Renewable Energy (RE) Projects, According to Frost & Sullivan

Solar EnergyDespite the considerable potential that exists to produce electricity using renewable energy (RE) in Southern Africa, RE projects have been largely limited to off-grid, small-scale applications. However, the renewable energy market in South Africa is expected to grow exponentially in the next few years, owing to the announcement of the renewable energy feed-in tariff made in March 2009.

New analysis from Frost & Sullivan, Southern African Renewable Energy Equipment Market, finds that the Renewable Energy industry earned revenues of $28.4 million in 2008 and estimates this to increase nearly tenfold by 2015, to reach $262.3 million. This will include projects to develop energy from solar photovoltaic, solar thermal, wind power, and biomass sources. Read the rest of this entry »

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