Impact+ SolarWorks! 2019-2
With a loan of EUR 100,000 SolarWorks! will be able to provide Solar Home Systems to companies and families in Mozambique.
Investments via Impact + are direct investments in financial institutions and/or companies and cannot be related to specific projects.
With a loan of EUR 100,000 SolarWorks will be able to provide Solar Home Systems to companies and families in Mozambique.
|Company name||Impact+ SolarWorks! 2019-2|
|CEO||Arnoud de Vroomen|
|Sector||Sustainable energy projects|
SolarWorks! offers affordable solar home systems to families and companies in off-grid areas in Mozambique, where over 80% of the 29 million inhabitants don’t have access to energy. The arrival of electricity in a neighborhood has multiple positive impacts on the local economy and community. Lighting extends opening hours of shops, which results in increased wages. It improves security at night and allows children to study after dusk to obtain better results at school.
Electricity also provides people access to information through radios and to communication thanks to their charged mobile phones. A solar home system avoids the use of toxic fuels like kerosene and wood, which are harmful to health and cause respiratory problems due to their fumes. Within the company, 95% of their employees are locals, and they aim for a 50/50 gender mix.
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No Poverty
SDG 7. Affordable and clean energy
SDG 13. Climate change
Read more about the impact you can make through our platform and the SDGs on our impact page.
Related blog articles
Read the introduction of SolarWorks! as a new investment opportunity here.
Eager to learn more about clean energy projects on our platform? Read here.
During the 2020 Covid-19 pandemic, the demand for solar home systems increased significantly in emerging markets. Read more here.
- With this investment 10 jobs are created
- With this investment 50 lives are improved