According to the industry’s standardized impact metrics, one household solar installation will typically deliver energy access for five people, offsetting 370kg of CO2 equivalent annual greenhouse gas emissions and save around $80 per household each year. This means children can study after dark, families avoid the fire and health risks of kerosene lighting, while new businesses can get started or stay open longer.
SunFunder aims to make this a reality for all communities. Their latest product, the Beyond the Grid Solar Fund (BTG Fund), is a $50 million fund that will grow and scale solar energy in off-grid and grid-deficit areas in Africa and South Asia. Over the past few years, SunFunder has made 98 loans to 30 solar companies in Africa, Asia and the Pacific, while maintaining a 100% repayment rate for investors and a default rate below 1%. To date, 2.7 million people have been directly impacted by SunFunder's financing of clean affordable solar power and as a result, 200,000 tons of CO2 have been avoided annually.
SunFunder has aggregated both private and philanthropic capital to create the BTG Fund. LDF’s support into the Fund allows capital to be loaned at a lower rate to end users. This means that off-grid residents are provided fair terms to replace their dirty and inefficient diesel generators or kerosene lamps with clean, solar products.