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Smart Power for Rural Development: Creating a Sustainable Market Solution to Energy Poverty

Despite great effort and the huge sums of money spent on promoting the expansion of national grids, poor rural communities worldwide continue to lack affordable and reliable electricity. For 1.3 billion people (18% of the global population), accessing electricity to power homes and businesses remains a distant reality.

The Rockefeller Foundation is supporting energy services companies such as OMC, DESI Power, Tara Urja, and others by providing affordable financing to companies and linking them to an ecosystem of Rockefeller grant-funded partners for business support and policy recommendations. Rockefeller’s strategy to support the shared value ecosystem for renewable mini-grids is already delivering significant results for these energy services companies. 

 

Download the full case study here.

 

Source: http://sharedvalue.org/resources/smart-power-rural-development-creating-sustainable-market-solution-energy-poverty