We’re building new partnerships to achieve the Sustainable Development Goals
A year after being announced as a 2021 finalist in the Finance category of the prestigious Keeling Curve Prize, Energise Africa is delighted to announce a new partnership with the Global Warming Mitigation Project (GWMP). The partnership will seek to give Keeling Curve Prize applicants access to finance through Energise Africa’s community of investors.
Since launching the Keeling Curve Prize in 2018, GWMP has received applications from over 1,200 private and public sector projects from around the world, all working to increase awareness and take action to abate human contributions to the carbon footprint of the planet. GWMP has awarded $1M in prize money to 40 projects, but to achieve scale and really bend the curve on atmospheric CO2, many of these impactful projects need access to multiple sources of finance.
GWMP has created its Climate Impact Conduit to connect these projects and organisations with investors, grant-giving organisations, and other sources of finance to enable them to grow and scale their impact.
Through our partnership, one potential source of finance could soon be UK retail investors! As a crowd-lending platform that finances innovative renewable energy and clean technology companies in emerging markets, Energise Africa is always on the lookout for exciting, impactful companies that are ready for commercial investment.
Since its launch in 2017, the platform has raised over £30m in investments for renewable energy projects in Sub-Saharan Africa, enabling 870,000 people to access life-changing, clean, affordable electricity, and mitigating an estimated 180,000 tonnes of CO2 each year. All of this impact has been achieved while repaying over £15m to investors.
This year, as Energise Africa seeks to expand its investee portfolio to cover a wider range of clean technologies and sectors tackling climate change - and to support projects beyond Sub-Saharan Africa - this partnership will provide connections to a wide range of stakeholders in GWMP’s “Sphere”, and explore how the organisations can work together to leverage investment for a wide range of impactful environmental projects.
We look forward to working with GWMP and hope that we will soon be announcing exciting new ways that you can invest in a cleaner, greener future as a result of our collaboration.
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