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Shine: Investing in Energy Access for All

New Venture Fund

  • Program Environment
  • Program Area Advancing Climate Change Solutions
  • Grant Amount $250,000
  • Grant Period September 1, 2017–March 31, 2019
  • Location Washington, DC, United States
  • Geographic Focus Africa, Asia

About this grant

Energy access is a prerequisite for economic development and offers transformative opportunities for the world’s poor. The challenge is meeting the energy needs of those living without electricity in a way that does not increase greenhouse gas emissions, as well as financing this energy revolution. To address the financing needs, a coalition of faith and philanthropic leaders have developed the Shine campaign, based at the New Venture Fund, dedicated to ending energy poverty by 2030. This grant will support the development of an organizational infrastructure and integrated funding strategies to encourage philanthropic and faith community investments into small off-grid renewable energy companies in Africa and Asia. In addition, a new community of practice for foundations will be established to share successes, failures, and possible areas of collaboration for grantmaking in the energy access space.