Energy

Crowdfunded Solar Investments for the Global South

TRINE’s crowdin­vest­ing model for fin­an­cing solar en­ergy solu­tions provides elec­tri­city to com­munit­ies that can­not bear the up­front costs them­selves, while de­liv­er­ing a fin­an­cial re­turn for in­vestors. With an investment minimum of only $25, the start-up makes it easy for even small-scale in­vestors to profit from con­trib­ut­ing to im­prove ac­cess to re­new­able en­ergy in de­vel­op­ing coun­tries, in the pro­cess also im­prov­ing live­li­hoods, and mit­ig­at­ing CO2 emis­sions from sources such a ker­osene.

TRINE care­fully vets po­ten­tial pro­jects so it can of­fer sound in­vest­ment op­por­tun­it­ies to cus­tom­ers. Since its launch in 2016, the plat­form has helped fin­ance pro­jects for worth more than €500,000, de­liv­er­ing electricity to more than 48 000 people and re­du­cing CO2 emis­sions by 7,000 tons. The im­pact from a pi­lot in­vest­ment pro­ject saw 180% more girls go­ing to school and a 72% re­duced us­age of ker­osene.

Why you should care

En­ergy poverty is a crit­ical is­sue for 1.2 bil­lion people in re­mote com­munit­ies around the world.  Many solar en­ergy en­tre­pren­eurs in de­vel­op­ing coun­tries are wait­ing to be able to scale their busi­ness with fair loans at reas­on­able interest rates. The solu­tion fills a fin­an­cing gap and demo­crat­izes fin­an­cing of solar en­ergy, of­fer­ing the po­ten­tial to re­place ker­osene and other harm­ful fuels.

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