TRINE’s financing model makes it easy to invest private capital in solar projects in the developing world.
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.