[HN Gopher] Kiva for Solar - Invest in solar in the Global South...
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       Kiva for Solar - Invest in solar in the Global South and get repaid
        
       Founded by one of the creators of Kiva.org, Renewables.org is the
       highest impact-per-dollar investment of any kind.  Our analysis
       shows that investing with Renewables.org creates 5x the carbon
       impact of US solar investing and is 48% more effective than
       voluntary carbon offsets.  Renewables.org -- the online solar
       investing non-profit.
        
       Author : yepnopemaybe
       Score  : 15 points
       Date   : 2024-02-20 16:40 UTC (6 hours ago)
        
 (HTM) web link (www.renewables.org)
 (TXT) w3m dump (www.renewables.org)
        
       | yepnopemaybe wrote:
       | Hey, I am cofounder and CEO of Renewables.org -- Lassor Feasley.
       | 
       | Renewables.org works with a network of Global South solar
       | developers who have a large pipeline of unfunded solar projects.
       | Using a Kiva like interface, you can join our site and help get
       | these projects off the ground for as little as $25 dollars.
       | 
       | When you invest on Renewables.org, you start earning monthly
       | repayments -- which continue for five years. These repayments are
       | paid out of the revenue earned by solar projects already in our
       | portfolio as they generate and sell power to the grid.
       | 
       | As with Kiva.org -- you don't make a financial return on
       | Renewables, but you do create a carbon impact we believe is far
       | greater than virtually any other investment or carbon offset
       | product, dollar for dollar.
        
         | BillSaysThis wrote:
         | Very cool idea, good luck!
        
           | yepnopemaybe wrote:
           | Thanks Bill!
        
       | jsdeveloper wrote:
       | how do the invested money help the south, can you please
       | elaborate. Investor gets his money back, people get solar cell ,
       | you guys get paid, bur how all this works without any lose to any
       | party. please explain your model in detail.
        
         | yepnopemaybe wrote:
         | Renewables.org is an environmental non-profit, so the first
         | order effect of what we do is prevent carbon emissions by
         | helping to accelerate solar development in the Global South.
         | 
         | Incidentally, there are great second order benefits to building
         | solar like jobs created, a more reliable power grid, and more
         | resilient economic development.
         | 
         | We barrow money from our investors on our site and lend it to
         | regional solar developers who finance commercial solar. We
         | return principal to our investors at a 0% rate of interest and
         | charge the developer a reasonable rate of interest which is
         | used to fund growth and product development.
         | 
         | Since we are a non-profit, we could not lend out money for free
         | since that would be a private for-profit entity benefiting from
         | our non-profit status.
         | 
         | Thanks for the question, happy to share more.
        
       | silisili wrote:
       | Not sure I'd advertise it that way, as Kiva has burned me at a
       | rate higher than advertised. Maybe I'm just unlucky.
        
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       (page generated 2024-02-20 23:02 UTC)