# Paper 1 — Financing the Energy Transition: Nigeria
PhD dissertation research by Florence Iseko, University of Ottawa
Supervisor: Prof. Nicholas Rivers
## Research Question
How does the cost of capital, shaped by policy-driven risk perceptions,
affect optimal renewable energy deployment in Nigeria's electricity system?
## Model
PyPSA-Earth capacity expansion model — Nigeria, 6 nodes, 2030 horizon
## Key parameters
- Baseline WACC: 10% uniform (Dioha et al., 2026)
- Empirical WACC: 13.79% solar/wind, 14.68% gas (Hatton et al., 2025)
- CAPEX: IRENA 2024 Africa-specific values
- NDC target: 29% below 2018 EDGAR emissions (NDC 3.0)
## Repository structure
- configs/ — PyPSA-Earth scenario configuration files
- Results/ — Results extraction scripts
- Outputs/ — Charts and tables from completed runs
- Data/ — TCN generation data and processed datasets