The two initiatives spearheaded by Energy 4 Impact and YOLK and GreenMax Capital Group and Energy 4 Impact, respectively, are among the 13 public-private partnerships to receive start-up funding from P4G, the Partnering for Green Growth and the Global Goals 2030 Initiative. All 13 projects will receive up to USD 100,000 funding to improve the viability and scalability of their innovations in five key sustainable development areas — food and agriculture, water, energy, cities and circular economy in P4G partner countries, including Colombia, Ethiopia, Kenya, Mexico and Vietnam.
Solar Cow 4 Impact is a collaboration among partners including YOLK and Energy 4 Impact. This partnership will help meet the challenge of providing clean, affordable and accessible energy to all by combining the logistics of solar charging with the opportunity for children to receive an education.
Solar Cow 4 Impact will partner with schools across Kenya to install solar systems that charge portable batteries distributed to families in off-grid communities. Families in need of electricity send children to charge the batteries at school – encouraging them to attend lessons in formal classrooms. Through each Solar Cow unit, this partnership aims to supply 10W of electricity to 250 homes every day, which can lower household expenditure on electricity to less than 50%.
The Green 4 Access First Loss Facility is a partnership between GreenMax Capital Group and Energy 4 Impact which seeks to partner with major development finance institutions and impact investors to encourage upscaling investment in off-grid energy solutions in Africa. Capital investment is critical to achieving affordable and sustainable energy for all. However, these investments have not reached their full potential due to the perception of high risk. Through this modern and inclusive approach to green energy finance, Green 4 Access First Loss Facility aims to increase total energy access in sub-Saharan Africa – supporting activities such as dependable education, reliable hours for small business owners and customers, regular internet access and more.
P4G – Partnering for Green Growth and the Global Goals 2030 – has funded 31 public-private partnerships with projects in developing countries. These include 18 start-up and scale-up partnerships from 2018 and 13 start-up partnerships from 2019. For example, these partnerships pose solutions that accelerate the adoption of electric buses in Latin America, expand the supply of renewable energy in Sub-Sahara Africa, reduce food loss and waste in Indonesia and reduce plastic and packaging waste from e-commerce in China. P4G is a collaborative partnership among nine partner countries: Chile, Colombia, Denmark, Ethiopia, Kenya, Mexico, the Netherlands, the Republic of Korea and Vietnam. In addition, C40, World Economic Forum, Global Green Growth Institute, IFC and World Resources Institute, which hosts P4G’s global hub, are partner organisations to P4G. Read more.