Africa Investment Forum: Watt Renewable Corporation’s Eweje on the outlook for renewable energy investment in Africa

The Africa Investment Forum held in Sandton this year has been a significant platform for discussions surrounding energy and renewable sources, with a particular focus on the continent's potential in this sector. Oluwole Eweje, the Managing Director of Watt Renewable Corporation, shared insights from his interactions with investors during the event, shedding light on the promising outlook for renewable energy investment in Africa. Eweje highlighted the valuable connections made with a diverse range of investors, from institutional to small and medium-scale players, expressing optimism for the future of renewable energy projects on the continent. In a conversation with CNBC Africa's Kenneth Igbomor, Eweje discussed key takeaways from dialogues with investors, emphasizing two significant engagements that stood out for Watt Renewable Corporation. The first point of interest was a discussion with the EU Commission, wherein Eweje learned about the substantial financial commitment towards power projects in Africa. The EU Commission's mandate of investing billions of dollars to generate 60 giga-hours of power demonstrates a strong focus on fostering energy efficiency and renewable energy initiatives across the continent. This presents a promising opportunity for developers like Watt Renewable Corporation to collaborate with a supportive partner in driving sustainable energy solutions. Additionally, Eweje highlighted the value of networking with fellow developers and businesses to gain insights into various projects and innovations taking shape in Africa. The exchange of ideas and experiences at the forum showcased the magnitude of impactful ventures flourishing on the continent, sparking inspiration and collaboration among industry players. When delving into Watt Renewable Corporation's ongoing projects, Eweje underscored the company's primary focus on the commercial and industrial (CNI) sector, with current developments in Ghana and Nigeria. The company's flagship projects, particularly in Nigeria, cater to the telecom and financial services industries, aiming to provide reliable power solutions for these vital sectors. By bringing energy access to remote communities through innovative projects, Watt Renewable Corporation has been instrumental in creating sustainable impact and driving economic development. Eweje expressed gratitude for the overwhelmingly positive feedback received from investors regarding the company's projects. The interest and enthusiasm displayed by impact investors and institutional stakeholders at the forum signify a growing appetite for sustainable initiatives in the energy sector. The engaging discussions and one-on-one meetings have paved the way for potential collaborations and investments, positioning Watt Renewable Corporation for promising partnerships and growth opportunities in the renewable energy space. As the Africa Investment Forum concludes, Eweje remains hopeful about closing impactful deals and furthering the company's mission to advance renewable energy solutions in Africa. The forum's role in fostering connections, facilitating knowledge sharing, and catalyzing investments underscores the collective commitment towards driving sustainable development and energy innovation on the continent.