how do the invested money help the south, can you please elaborate. Investor gets his money back, people get solar cell , you guys get paid, bur how all this works without any lose to any party. please explain your model in detail.
Renewables.org is an environmental non-profit, so the first order effect of what we do is prevent carbon emissions by helping to accelerate solar development in the Global South.
Incidentally, there are great second order benefits to building solar like jobs created, a more reliable power grid, and more resilient economic development.
We barrow money from our investors on our site and lend it to regional solar developers who finance commercial solar. We return principal to our investors at a 0% rate of interest and charge the developer a reasonable rate of interest which is used to fund growth and product development.
Since we are a non-profit, we could not lend out money for free since that would be a private for-profit entity benefiting from our non-profit status.
yepnopemaybe|2 years ago
Incidentally, there are great second order benefits to building solar like jobs created, a more reliable power grid, and more resilient economic development.
We barrow money from our investors on our site and lend it to regional solar developers who finance commercial solar. We return principal to our investors at a 0% rate of interest and charge the developer a reasonable rate of interest which is used to fund growth and product development.
Since we are a non-profit, we could not lend out money for free since that would be a private for-profit entity benefiting from our non-profit status.
Thanks for the question, happy to share more.