ATLANTA, Ga. – Renewvia Energy Corporation has been selected by the U.S. Department of State to participate in the ninth Global Entrepreneurship Summit (GES), co-hosted by the United States and The Netherlands in The Hague from June 3-5, 2019. Renewvia co-founder and CEO Trey Jarrard joins 2,000 of the world’s most innovative entrepreneurs, investors, policy makers and key stakeholders from more than 120 countries. The participants are working to solve and scale up solutions to challenges around five key sectors: Energy, Agriculture/Food, Connectivity, Health and Water.
“It’s an incredible honor that Renewvia was chosen as a U.S. delegate to the Global Entrepreneurship Summit for our work in sub-Saharan Africa,” said Mr. Jarrard. “Two out of three people there do not have access to electricity, but it’s even worse in rural, hard-to-reach communities. Renewvia’s approach to microgrid development provides a real opportunity to drive sustainable impact in these areas and generate a market return on investment.”
Since 2016, Renewvia has actively pursued a sustainable rural electrification strategy for sub-Saharan Africa that deploy its Rural Microgrid Development and Operation Model, a blueprint for constructing hybrid and standalone solar photovoltaic and battery-powered plants. Designed to accommodate additional capacity from wind or other sources of electricity, this approach provides a sustainable return on investment at scale by focusing on four core pillars: (1) prioritizing community engagement upfront and throughout the process; (2) working with regulators and government officials to properly secure all licenses and permissions required to own and operate each facility for 20 years; (3) capitalizing a long term revenue stream and data from individual community inhabitants and local businesses; and (4) harnessing scalable innovations in clean tech to procure and construct the most efficient power systems tailored to existing community needs.
To date, Renewvia procured a mix of grants and contributed its corporate balance sheet to build the microgrids and lay the groundwork for future projects. The company is currently pursuing a Series A capital raise of $14.7 million to develop 27 new facilities in Kenya and Nigeria.
Renewvia Energy Corporation is a top 500 Global Solar Developer headquartered in the Atlanta, Ga. It designs, installs, owns and operates commercial and community solar power systems across three continents and provides a complete range of solar energy solutions including turnkey solar installation, integrated financing and solar consulting services.
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