The energy situation in Africa has attracted global concern, and with countries such as china being overly involved, questions have arisen regarding what the country is targeting to obtain from the strengthening diplomatic ties with the African nations (Zhang, 2016, p. 209). Many people in Africa and especially West Africa are yet to be connected to the mains electricity. Therefore, the region has embraced the adoption of alternative energy sources that are going to help the continent leap into the next generation of the use of renewable energy. Vertbien has many opportunities in the development of alternative energy sources in countries across West Africa. One of the organizations that Vertbien can work within the development of the alternative energy sources and its distribution is PEG Africa (PEG, 2019). A study has revealed that over 150 million residents across the West African nations lack access to electricity and result in the other sources of energy such as kerosene (Adewuyi & Awodumi, 2017, p. 453).
PEG Africa ensures the access of power to the customers at affordable rates. Mostly stationed across Ghana, Cote d'Ivoire, and Senegal, PEG Africa has rewritten the stories of many people across West Africa from using the fossil fuels as sources of energy to owning their solar panels and creating their sources of energy for use in various ways. PEG Africa is, therefore, a promising company for the alternative energy foreign direct investing in West Africa. Working with PEG Africa will place Vertbien on a strategic position to control the alternative energy sources in West Africa and utilizing them to help people. The companies will also have the ability to target more West African states beyond Cote d'Ivoire, Senegal, and Ghana that PEG Africa has already served. In this case, PEG Africa will have transformed the energy situation in West Africa and will be better placed to do so when impacted by Vertbien.
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References
Adewuyi, A. O., & Awodumi, O. B. (2017). Biomass Energy Consumption, Economic Growth
And Carbon Emissions: Fresh Evidence from West Africa Using A Simultaneous Equation Model. Energy , 119 , 453-471.
PEG. (2019). About us. Retrieved from https://pegafrica.com/about-us/
Zhang, X. (2016). China’s Aid to Africa: A Challenge to the EU. In China and the European
Union in Africa (pp. 209-224). Routledge.
