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Background
Many different financial instruments have been used individually to promote renewable energy development in rural settings. However taken in isolation most of these are not financially viable for small landholdings of 1/10 hectare. There is a need to redefine the role of RE by its capacity to develop high-value products rather than simply act as a substitute for another energy source and to develop and support the entire commercial chain through financing.
Purpose
To demonstrate the value of renewable energy financing as a significant new tool for rural economic development by using solar water pumps solar dryers and biodigestors to help farmers produce high-value products for local and national markets.
Implementor
Fiorello H. LaGuardia Foundation