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SEB fund helps finance solar home-systems in Africa
The SEB Impact Opportunity Fund helps finance solar home-systems in four African countries through its collaboration with US-based social company Greenlight Planet.
One billion people across the world still live without access to energy and Greenlight Planet – a for-profit social company – has set itself a mission to deliver affordable energy to off-grid families in Tanzania, Kenya, Uganda and Nigeria. The idea is to replace wood and kerosene, with a clean energy source.
The solar home-systems provides households and small businesses with lighting, mobile phone charging and a radio creating a big impact on people s way of living as the benefits of solar energy are many. It is much safer, more reliable and less toxic than both charcoal and kerosene and less time is spent on travelling to charge your mobile phone or collect woods. This means more time to spend on income generating work and businesses improving welfare and more