NewEnergyNews: The Big Opportunity Under Africa’s Sun

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  • Images Bring Climate Change Horror Home
  • More States Doing More To Grow EVs
  • Astonishing Things About New Energy, Part 2

    Friday, December 15, 2017

    The Big Opportunity Under Africa’s Sun

    Invest in solar energy for a brighter future for Africa; A new scheme aims to lighten the lives of millions who live without electricity, with the promise of a possible 6% return

    Rupert Jones, 15 December 2017 (UK Guardian)

    "...Energise Africa is a new ethical investment scheme which aims to raise £20m to provide a brighter future for more than 110,000 families and small businesses in sub-Saharan Africa over the next three years...[It offers the opportunity to earn a return of up to a 6% return while at the same time providing families in countries such as Kenya with 'life-changing' access to clean, affordable solar energy. It is supported by UK aid money from the Department for International Development (DfID). And what is also notable is that, unusually, some of the investments on offer benefit from what is known as 'first loss cover' – which means that if the worst were to happen, and the company was unable to pay back what it owed, individual investors would be prioritised ahead of DfID, thereby providing an extra level of protection...With a minimum investment of £50, it is a potentially straightforward and accessible way for people to make sure their money is doing some good. However, this is not risk-free, and the returns are not guaranteed. In the worst-case scenario, if there was some kind of disaster/crisis/bankruptcy, you could lose some or all your capital, and you would not be able to get redress from the UK’s Financial Services Compensation Scheme or complain to the Financial Ombudsman Service, so you need to go into this with your eyes open...Currently 600 million people in sub-Saharan Africa live without access to electricity...[Energise Africa lends] money to businesses that sell small solar systems to families throughout sub-Saharan Africa..." click here for more

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