A Ghanaian renewable energy startup firm was purchased for 7-figures by Persistent Energy Partners today. The firm, Energy in Common, leases and sells solar panels to low income households. Energy in Common works similar to Kiva and other microloan companies. Donators combine to contribute money towards a loan to purchase solar panels and renewable energy generation equipment. Rural Ghanaian villagers take the loan, and pay them back over time with the additional earnings that electrical power has led to.
The average Ghanaian earns $1-$6 a day, so projects that can directly help low income villagers are vital for the nation. Energy in Common’s combination of microloans and micro-grid and off-grid technology provides the perfect solution to the lack of access to electricity and power in rural Ghanaian villages.
The average Ghanaian earns $1-$6 a day, so projects that can directly help low income villagers are vital for the nation. Energy in Common’s combination of microloans and micro-grid and off-grid technology provides the perfect solution to the lack of access to electricity and power in rural Ghanaian villages.
