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Blogs & Opinion: Lendahand Ethex responds to government’s £100 million extra funding for renewable projects in Africa

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Commenting on this morning’s announcement by the Department for Business, Energy & Industrial Strategy that sees a tripling in funding for the Renewable Energy Performance Platform (REPP):

Lisa Ashford, Managing Director, Lendahand Ethex Ltd says: “”The UK is a leading exporter of clean energy technology and today’s announcement is welcome news.

“There are 600 million people without clean, affordable energy supply in sub-Saharan Africa. This money will help support thousands of families and small businesses who rely on unreliable and dirty forms of fuel such as kerosene. It will also help meet UN’s Sustainable Development Goal 7 to ensure universal access to affordable, reliable, sustainable and modern energy by 2030. There is more to do and efforts must be coordinated on a global scale; according to the International Energy Agency (IEA), sub-Saharan Africa will require more than £30 billion if we are to achieve universal electricity by 2030.”

“To date Energise Africa has raised more than £6 million over 18 months and provided almost a quarter of a million people with access to clean, safe energy.”

About Energise Africa

Energise Africa is a ground-breaking initiative that provides people with the opportunity to invest in a range of pioneering businesses that install life-changing solar systems in homes in Sub-Saharan Africa – bringing clean energy and economic opportunities to families, whilst aiming to generate a 4-6 % annual return for investors. Your capital is at risk and returns are not guaranteed.

Brought to you by two of Europe’s online impact investing platforms Ethex and Lendahand and supported by UK aid and Virgin Unite, Energise Africa intends to provide the critical investment needed to provide more than 110,000 rural families with access to clean and affordable energy over the next 3 years. www.lendahand.co.uk

About Lendahand Ethex Ltd

Two of Europe’s leading online investing platforms, Ethex and Lendahand have joined forces to provide UK based retail investors with investment opportunities which will significantly improve off grid energy access for families in Sub Saharan Africa. Both Lendahand and Ethex are well regarded in the social investing space, evidenced by both their large investor base (over 13,500 investors) and an enviable track record of repeat investing which has resulted in both organisations raising a combined £80 million+ for social enterprises, charities and businesses since 2013.

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