International

Solar home systems bring clean energy to African communities

July 27, 2022

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In Africa, 600 million people live off grid, typically relying on candles or kerosene lamps for lighting. This lack of reliable energy access impacts education and income. A Mercy Partnership Fund investment in SunFunder is helping bring solar home systems – and jobs – to African communities.

SunFunder recently funded a $4-million-dollar facility to support Yellow, a Malawi-based startup that has sold more than 110,000 highly reliable off-grid solar home systems, improving energy access for more than 400,000 people. The new facility will enhance access to solar power and add to the more than 800 local jobs Yellow already provides. In addition, Yellow has helped to reduce 12,000 tons of CO2 emissions per year.

SunFunder recently celebrated 10 years of providing financing for affordable clean energy access and climate change solutions, which has impacted over 10 million people and eliminated millions of tons of CO2 emissions. In 2021, SunFunder received a United Nations Global Climate Action award for its industry-leading performance related to debt financing for distributed solar energy in Africa and other emerging regions.

SunFunder is one of more than 60 mission-driven organizations in Mercy Partnership Fund’s global community investing portfolio. Learn more here.