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Crowdfund for Solar

Decentralized financing for decentralized energy

More than half of Sub-Saharan Africa lacks access to electricity. With this pilot platform, Energy Web and ENGIE Energy Access have partnered to accelerate access to clean energy for all by tapping into a new source of funding: crypto-based decentralized finance (DeFi).
Crowdfund for Solar is an initial proof of concept leveraging DeFi to accelerate clean and affordable energy access for all.
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Leader in Africa's off-grid solar

ENGIE Energy Access is the leading off-grid, Pay-As-You-Go (PAYGo) solar and mini-grid solutions provider in Africa. It delivers clean energy to the most remote households on the world’s fastest-growing continent. Thanks to its advanced product engineering and inclusive credit model, it has already transformed 6.5 million lives in 9 Sub-Saharan African countries and aims to reach 20 million by 2025.
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Unlocking capital for change

Energy is Africa's great challenge. Over 500 million Africans live without access to the electricity grid and rely on dangerous, dirty energy sources like kerosene. With the continent’s population predicted to double by 2050, there is an urgent need to increase clean energy usage. ENGIE Energy Access is tackling this growing challenge with grand-scale innovation. It can go further with access to direct, low-cost financing such as this Crowdfund for Solar platform, which unlocks capital from the global cryptocurrency market.

Why Crowdfund for Solar?

This pilot platform is the first proof of concept leveraging decentralized finance (DeFi) to accelerate clean energy for all. These funds will be distributed as micro-loans to residents of low-electrification countries such as Rwanda, Uganda, and Zambia – enabling communities to gain affordable access to solar energy. These installations will increase clean energy access for at least 50 households and small businesses. In addition to creating this impact, investors will be paid back their principal and 10% interest after the 1-year completion of the campaign.

How does this platform work?

This DeFi platform uses the open-source Energy Web technology stack and runs on the Energy Web Chain. Micro-investors can finance the installation of clean energy assets by staking their Energy Web Tokens (EWT), the native token of the Energy Web Chain. In this first proof of concept, the target goal is to collect $100,000 worth of EWT between 04 May 2022 13:00 and 17 May 2022 13:00. These funds will then be used by ENGIE Energy Access to finance new solar installations. Between 17 May 2023 13:00 and 17 Nov 2023 13:00, the participants will then withdraw their original principal and 10% rewards.

How you can help

The funds raised from this platform will contribute to financing various types of life-enhancing projects, including providing solar energy for households, small businesses, and schools. Crypto investments will be translated into fair pricing plans paid back in installments by project owners via mobile money.

Invest today to electrify those in need!

ENGIE Energy Access and Energy Web are committed to identifying opportunities to scale up and enhance this solution. Interested in partnering with us or providing feedback?
Contact Energy Web at[email protected]
or ENGIE Energy Access at[email protected]
Update 05 May 2022: The crowdfunding target has been already reached thanks to the generous support of the community. Please click on “Fund Now” for more information.
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