Invest in solar energy & support Kenyan community
Investing in this solar energy project eliminates energy poverty and provides a rural community with access to electricity. Join us to make a real impact on people's lives and make a fair return.
Thanks for making a real impact - let's continue to be able to fund many more projects! Thanks to your fantastic support to the project we reached the goal that we set up for Sidonge and received all the investments needed.
We are now also building a community of passionate people like you. Only with the support of you and other people that want to be part of our journey and the TRINE community, we can bring these projects to life. To be part of this join us at www.jointrine.com For detailed questions on this, please contact us at firstname.lastname@example.org
Let's continue changing the world together and put an end to the energy poverty!
The pilot project
This pilot project is created by the passionate and experienced team of TRINE, a company incubated at Chalmers Ventures in Gothenburg. Our primary goal is to bring finance to decentralized, renewable solar energy projects creating environmental and social benefits, as well as providing long-term economic benefits for all stakeholders.
The purpose is to channel your funds into a viable and impactful project in Sidonge, Kenya. You will enable the spread of clean solar energy by providing affordable finance to RVE.SOL, our local solar partner. We are not like big banks, we are a community of people supporting another community of people.
You will get a first-hand opportunity to follow this project and the transformation of people's lives in Sidonge. A successful project gives you the initial investment back along with a fair return.
Your investment is matched by Fortum
Your investment will be met by Fortum enabling your impact to be twice as effective. That means for each Euro you invest, Fortum will fund one Euro as well, until the project is fully funded.
Fortum’s purpose is to create energy that improves life for present and future generations.
The Solar Energy Revolution will take place both on and off grid. Fortum wants to be part of both these markets and we would like our customers to be part of it as well.
TRINE offers an interesting business model which also gives Fortum an opportunity to channel our customers engagement - with TRINE they can invest in Solar Energy solutions where they matter the most.
At this stage we act as an enabler for TRINE to try their model for attracting capital through crowdfunding.
The Problem - Energy Poverty
Around the world billions of people don't have access to basic infrastructure services, such as reliable energy and water access. The electricity grid is often too far away or too expensive to connect to, forcing people to rely on fossil fuels for light and electricity.
This is the case in Sidonge, West Kenya. Here families have to use hazardous kerosene lamps for light, run expensive diesel generators for electricity and drink water from the dirty river next to the village. People have to walk to the next village to have access to better infrastructure (internet, printer, phone charging, refrigeration, etc.). All of this limits their ability to overcome poverty and reach a higher quality of life. Solar energy is a cheaper, healthier and readily available solution, but the upfront costs are too high for the local community.
Our Solution - To Finance Solar Energy
That's where YOU come in. In partnership with the local solar entrepreneur we can solve this problem. By utilizing the power of many we provide our partner RVE.SOL with affordable finance to pay for the solar installation. This way you provide families and businesses with a safer, cheaper and more sustainable source of energy.
Adrian, a pupil of the local school, tries to explain what solar energy is (he was a bit nervous during the interview):
Your investment will be used to provide 50 families with reliable and long-term electricity access. It will also establish small businesses, including a solar lantern kiosk with phone charging and a water bottling station providing clean water for the community.
- Access to 24/7 electricity
- Pay a monthly flat fee in relation to the amount of electricity they subscribed to (see subscription levels in business plan)
- Access to solar lanterns
- Pay a daily renting fee
Thanks to your investment local entrepreneurs will get access to energy and build their businesses. Opportunities opening up includes a bottling station and refrigeration services. Purified water and cold milk can then be sold to neighboring communities.
Your Investment Turned Into Electricity
Already in 2012 twelve families were connected with their innovative, patented technology. Since then more families wanted to participate in order to increase their quality of life. With your investment, RVE.SOL will expand their KUDURA solar mini-grid in Sidonge. RVE.SOL has proven results in Sidonge with their highly skilled team. They will start the construction as soon as they receive your investment in December 2015. People will start receiving electricity when the construction is completed in March 2016.
- Invest a minimum of €25.
- Sign the shareholders agreement that will be sent to you via email.
- Transfer your investment to the project bank account in order to secure your spot in the front-row.
- Make sure to share this with your closest friends so they can join our journey.
When KUDURA is installed the local population in Sidonge pays for the electricity as well as other services. RVE.SOL will pay back the loan plus interest to the project entity. A successful project will render an estimated annual return of 2.66 % pre-tax during 5 years. That means an estimated 14% in total return on invest after 5 years.
As soon as the loan to RVE.SOL is paid back in full, we will pay you your original investment and return back. As an investor, you will also receive regular updates on the project and the positive impact it has on people’s lives. Investing in this project does entail more risk than putting your money on a traditional savings account at your bank. This risks include for instance exchange rate fluctuations and political risks in Kenya which could influence the amount of money payed back to you. A more elaborate list of the risks can be found in the campaign documents. e.g. the business plan. This is a new and innovative way of providing people with electricity and as all pioneers we face difficulties and risks, but we are confident that the project will turn out to be a great success.