Business Plan on Renewable Energy Executive Summary in Nigeria

Introduction

The world is gradually moving towards sustainability in everything so as to ensure the future is not doomed for the incoming generations.

One of the ways of achieving sustainable development is through the use of renewable energy for the purpose of electricity supply to homes, offices and other places.

Solar energy is not just renewable but a sustainable source of power/electricity. Solar panels, batteries and inverters are always in high demand because it’s cheaper when compared to the traditional hydro energy source.

Nigeria is not left out, as homes, offices, religious places and government now depend more on solar energy. In some states in the country, streets are powered by solar panels at night. Due to its high demand, starting your own solar energy business is a good decision since you are assured of waiting and willing buyers.

You can manufacture the solar panels, batteries and inverters yourself or partner with a reputable company for supply. You can also focus on installation, repairs and after sales support to your customers.

The Solar/Renewable Energy Business Plan with 3 Years Financial Projections will guide you on the best way to follow in order to start your business and increase your chances of success in the long run.

You will get answers to estimated startup costs, business legal structure, planning, location and how to do market research and discover your ideal customers. You will also get expert support to guide you to avoid future issues.

It comes in a soft copy so you can customize easily to suit your business needs. You can also order for a Tailor-made version which will be completely developed for you according to your business specifications. Get in touch with us with details about your business.

Using the Solar/Renewable Energy Business Plan, you will be able to source funds to run your business with bank loans, private investment and government grants.

Overview

This sample renewable energy business plan in Nigeria can be used for government and non – government business grant applications, for bank loan applications, for writing business proposals, to write business concept notes, for business grant competitions, other competitions and so on. The renewable energy business plan in Nigeria is a very lucrative business idea, which will require a lot of strategic planning and technical knowledge to launch. You are also advised to seek the professional assistance and technical know – how of an experienced business consultant in Nigeria like Jude Okon to help you in the implementation of the business plan

BUSINESS DESCRIPTION OF THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

Business: RENEWABLE ENERGY

Industry: ENERGY

NCS Energy Solutions is a start up limited liability company that was established in 2014, and is located in Lagos State, Nigeria.

The commitments of NCS Energy Solutions will be to spread technologies for harnessing renewable energy(RE). The term “renewable” refers to sources of energy that can never be diminished or exhausted, such as wind and sun. The most common RE technologies are photovoltaic (PV) modules,wind turbines and increasingly fuel cells, which produce electricity from solar radiation, wind and hydrogen respectively. The company will serve as a for – profit holding, investing and consulting agency, and will work in partnership with developing communities to establish sustainable RE projects all over the country.

The Benefits of our products and services are:

– Availability of high quality renewable energy solutions

– Employment opportunities

– Special periodic training programs for women

– Fair and lowest possible prices

OUR PRODUCTS AND SERVICES

NCS will specialize in providing electricity and electric services for rural communities, and will utilize two different business strategies to distribute power. First, NCS will sell solar electric systems for home and commercial applications by allowing customers to finance the cost of these system overtime. Second, the company will offer end – user services direct to customers by establishing electrified community centers, people will be able to purchase services ranging from crop processing to refrigeration to telecommunications access to Internet browsing

NCS will offer financing packages for home and commercial – scale solar electric systems

Related Business Plan

RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

KEYS TO SUCCESS

The keys to the success of the renewable energy business plan in Nigeria are as follows:

– High quality renewable energy

– Building trust with clients

– Having a good location

– Modern solution and technology

– Professional and experienced staff

– Maintaining a highly motivated team of staff

OBJECTIVES OF THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

The objectives of the renewable energy business plan in Nigeria are;

– To aggressively expand into a global provider of RE products and services by seeking new opportunities in other parts of Africa.

– By 2025, NCS Energy Solutions will be the country’s undisputed leading provider of RE products and services

– To operate Research and Development divisions for creating innovative novel technologies that address the environmental crises of the twenty – first century.

– To establish a profitable and sustainable renewable energy company

GOALS FOR THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

The goals for the renewable energy business plan in Nigeria are as follows:

– To solidify people’s confidence in our services and products

– Establishing electrified community centres in the heart of remote villages in Nigeria

– To be among the leading renewable energy companies in Africa

VISION FOR THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

To become the world leader in the creation, development, and deployment of technologies that converge the advancement of human civilization with that of the environmental condition.

MISSION FOR THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

To profitably and sustainably introduce renewable energy into Africa’s underdeveloped communities

MANAGEMENT TEAM OF THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

The management team of the renewable energy business plan in Nigeria is made up of the following persons;

Christian Ade:(B.SC, MSC, CCNA, PMP, and PHD). Ade is the founder and owner of this company. He controls majority of the company’s equity and is NCS’s primary visionary. He has taken formal coursework in both PV and wind systems design and installation at International Natural Energy(INE), arguably the most respected and well known RE training facilities in the world. Mr. Ade has many contacts in the industry, and knows key people in the renewable energy sources laboratory(RESL), the public service company of Oregon, World Solar Inc.

Jude Okon:( B.AGRIC, MBA, and PMP). He has over fifteen years experience in business management, business start up dynamics, financial management of business and overall business growth and development. He is an alumnus of the Enterprise Development Centre(EDC), of The Lagos Business School, (LBS), Pan African University (PAU). He is our business development strategist, and a strategic partner of the company.

We brought to this business:

– Educational skill and practical experience in the renewable energy sector of industry

– Capacity to consistently deliver outstanding services

– Quality processed products and services

– A good understanding of the market and industry trends

– Our staff bring marketing, technical, operational, promotional and marketing skills to the business

MANAGEMENT EXPERIENCE GAINED FOR THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

With over thirty years experience in the renewable energy sector of industry and having had numerous exposures to the scientific and business aspects of service. I have been able to master the technical requirements, financial management, staff recruitments and necessary organizational skills, to give us a good commendation from our clients. My managerial skills has also helped me to put together a strong workforce for four years, and to coordinate the teamwork in most aspects of the company. I am the CEO of the company, overseeing the day to day activities of the company.

RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

MATERIALS AND EQUIPMENTS REQUIRED FOR THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

The materials and equipments required for the renewable energy business plan in Nigeria are;

Order kit components, assemble kits, power station, community center, 5000- watt solar array, 10,000 – watt wind generator, power conditioning equipment, power storage equipment, security equipment, wiring and connectors, workshop, office space, furniture, 2 office vans, and so on.

COMPETITOR ANALYSIS FOR THE RENEWABLE ENERGY BUSINESS PLAN IN NIGERIA

We receive a lot of patronage for the following reasons:

– Quality assured standards

– Prompt and highly effective service delivery

– Excellent customer care services and packages

– Ability to identify and interpret customer needs

– Fair and lowest possible rates and prices

Our three main competitive advantages are: