The renewable energy opportunity

The global energy landscape is undergoing a profound transformation towards a more sustainable future, presenting challenges and opportunities for small, medium, and micro enterprises (SMMEs) across the continent. In a recent interview on CNBC Africa, Ernest Paul, General Manager for Network Deployment at MTN South Africa, and Linda Mabhena-Olagunju, CEO of DLO Energy Resources Group, discussed the hurdles faced by SMMEs in transitioning from hydrocarbon-based energy to renewables. As South Africa grapples with consistent load shedding and a lack of clarity on transitioning SMMEs, the conversation highlighted the need for upskilling, information dissemination, and a national coordination plan to ensure a smooth shift to renewable energy. Challenges such as funding, local capacity development, and project funding mechanisms were addressed to unlock the potential for SMMEs in the renewable energy sector. The discussion also underscored the critical role of financiers, development financial institutions (DFIs), and collaborative efforts to support SMEs in accessing funding and navigating the renewable energy landscape to create job opportunities. With a focus on gender participation and job creation, the conversation emphasized the untapped potential for women in the sector and the importance of replicating public procurement policies to encourage women's ownership and participation. MTN's renewable energy initiatives were commended for their sustainability efforts, job creation impact, and energy security focus, setting an example for other businesses to follow. While MTN leads the way in renewable energy adoption, Linda Mabhena-Olagunju emphasized the need for collaborative efforts and continued support from all stakeholders to drive the renewable energy transition in South Africa. The dialogue between industry leaders highlighted the necessity for a unified approach, innovative funding mechanisms, and a clear roadmap to ensure a successful transition towards sustainable energy practices for SMMEs in the region.