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Sunlabob Renewable Energy Receives $2.1 Million Investment
Sunlabob Renewable Energy, a Laos-based group that specializes in bringing clean energy solutions to rural communities, has this week secured an impact investment of $2.1 million to enable it to expand its off-grid programs in Asia, Africa and the Pacific region.
- Categories
- Energy
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Refining the Business Case for Off-Grid Energy in India: Illuminating the models with the greatest potential
Many entrepreneurs and investors have started trying to capitalize on the market opportunity for off-grid electricity in India, but so far, very few have reached meaningful scale. “The Business Case for Off-Grid Energy in India,” a new report by Dalberg on behalf of the Climate Group, highlights the business models with the greatest potential.
- Categories
- Energy
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Muhammad Yunus joins global public awareness campaign for solar
Visionary social entrepreneur and Nobel Peace Prize Laureate Professor Muhammad Yunus has joined the world's first global public awareness campaign for solar, SolarFUTURE.today.
- Categories
- Energy
- Tags
- renewable energy, solar
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Press Release: Solar Expert Joins Microfinance Leader FINCA International’s Board of Directors
FINCA International, a leading microfinance organization based inWashington, D.C., is pleased to welcome Dr. Fred Seymour, a solar energy expert, to its Board of Directors. A pioneer of microfinance, FINCA is actively exploring the development of additional social enterprises that can deliver nonfinancial products and services, starting with solar energy.
- Categories
- Energy
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Inside Citi’s Plan to Deploy $100 Billion for Cities, Renewables, Climate
Today, Citi, the global banking giant, is announcing its next-gen sustainability strategy that includes an eye-popping number: $100 billion over 10 years for “lending, investing and facilitating” activities focused on mitigating climate and other sustainability solutions.
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- Energy, Environment
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Impact Investor Global Partnerships Invests in Solar to Connect the Poor With Light
To this day, an estimated 1.3 billion people do not have access to electricity. That is over a billion people who struggle to refrigerate their food and medicine, study at night to further their education, or charge their mobile phones. Electricity is crucial to human well-being and development, and lack of access to it is a huge barrier to overcoming poverty in the developing world.
- Categories
- Energy
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Premature Innovation: What happens when a social entrepreneur has a great business idea in a market that isn’t ready for it?
Mauricio Monjaras Cabañas founded GRIMA Biodiesel at the age of 21, a social enterprise that aimed to produce renewable fuel from castor beans. The fuel was touted as cheaper than diesel, better for the environment, and a boon to local farmers. But when he tried to launch his business, complications quickly set in. He discusses his struggles in this post, the latest in our series on social enterprise failures.
- Categories
- Agriculture, Energy, Environment
- Tags
- renewable energy
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Shell Foundation May Invest $75 Million in Clean Energy in India Over Next 5 Years
Shell Foundation, an independent charity set up by Anglo-Dutch energy group Shell, plans to allocate about half of its $150 million deployable funds in India's clean energy sector over the next five years, a top official said. The foundation may not invest the funds directly into projects but in for-profit companies or financial institutes, which will in turn invest in solutions to make cheap energy options accessible in rural and urban poor areas. "We want to take a marketbased approach where we can fund or forward grants to companies who are directly or indirectly providing the bottom of the pyramid with access to energy," said Pradeep Pursnani, deputy director-chief operating officer at Shell Foundation.
- Categories
- Energy
- Region
- South Asia
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