Wind farms

Wind farms

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Wind farms
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Install and operate windmills for electricity generation with energy sold to a local utility company.

Expected Impact

Help transition into a cleaner energy source for electricity, reduce power disruptions and ensure equal access to electricity.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Climate Action (SDG 13)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Zero Hunger (SDG 2) Clean water and sanitation (SDG 6)
Sector Sources
  • 1) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G. (2019). Sustainable Development Report 2019. New York: Bertelsmann Stiftung and Sustainable Development Solutions Network (SDSN). 2) Federal Republic of Nigeria (2017). Economic Recovery and Growth Plan 2017 - 2020. Abuja: Ministry of Budget and National Planning. 3) The Rural Electrification Agency. Opportunities for Investment in Nigeria's Power Sector for Minigrids/Renewable Energy.
IOA Sources
  • 4) SolarReviews (2020). Wind energy pros and cons. https://www.solarreviews.com/blog/wind-energy-pros-and-cons 5) National Energy Policy. 6) Electric Power Sector Reform Act (2005). 7) Environmental Impact Assessment Act (1992). 8) National Renewable Energy and Energy Efficiency Policy (NREEEP) (2015). 9) Nairametrics (2020). Wind energy: a choice for energy generation in Nigeria. https://nairametrics.com/2017/11/13/wind-energy-choice-energy-generation-nigeria/ 10) Vergnet (2017). The Power committee of the Nigerian national assembly visited the VERGNET wind power plant of Katsina. http://www.vergnet.com/news/power-committee-nigerian-national-assembly-visited-vergnet-wind-power-plant-katsina/#:~:text=VERGNET%20is%20responsible%20for%20the,MINISTRY%20OF%20POWER%20(FMP). 11) Federal Republic of Nigeria (2017). Implementation of the SDGs: a national voluntary review. https://sustainabledevelopment.un.org/content/documents/16029Nigeria.pdf 12) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press.Sustainable Development Report, 2020. https://dashboards.sdgindex.org/profiles/NGA 13) Federal Republic of Nigeria (2020). Nigeria Economic Sustainability Plan. https://media.premiumtimesng.com/wp-content/files/2020/06/ESC-Plan-compressed-1.pdf 14) Federal Republic of Nigeria (2020). Integration of the SDGs into National Development Planning: A Second Voluntary National Review (2020). https://sustainabledevelopment.un.org/content/documents/26309VNR_2020_Nigeria_Report.pdf 15) IRENA (2018). Empowering Women in Nigeria with Solar Energy. https://www.irena.org/newsroom/articles/2018/Feb/Empowering-Women-in-Nigeria-with-Solar-Energy 16) UNDP (2012).Gender and Energy. https://www.undp.org/content/dam/undp/library/gender/Gender%20and%20Environment/TM3-Africa_Gender-and-Energy.pdf 17) African Development Bank (2019). West Africa Forum for Climate and Clean Energy Financing Project Snapshots. https://www.afdb.org/fileadmin/uploads/afdb/Documents/Generic-Documents/WAFCCEF-3_Project_Snapshots.pdf 18) Kukayi, D., Oigiagbe, U., Cookey, M., Amodu, A., Sulaimon, O. (2020). 'The Renewable Energy Law Review: Nigeria'. The Law Reviews. https://thelawreviews.co.uk/title/the-renewable-energy-law-review/nigeria#:~:text=The%20NERC%20REFIT%20Regulations%20aim,companies%20(Discos)%20and%20NBET