Powering Agriculture Forms Investment Alliance
Powering Agriculture has partnered with AlphaMundi Foundation and Factor[e] Ventures to form the Powering Agriculture Investment Alliance (Investment Alliance). The Investment Alliance will catalyze a minimum of US$25 million in private sector financing for businesses providing clean energy solutions for increasing agriculture productivity and/or value in developing countries.
The Investment Alliance partners are actively seeking high-impact investment opportunities in the energy/ag nexus to deploy both capital and targeted technical assistance. More information about the Investment Alliance and funding opportunities can be found here.
Stories from the Field: Innovators in Action
Earlier this year, the Powering Agriculture team conducted visits to two innovator project sites to review progress on project implementation and gather information from beneficiaries, local staff, and others about the benefits of their clean energy solutions.
The team visited iDE Bangladesh’s renewable micro-grid project sites in Barisal District, April 12-23, 2018. Micro-grids have been installed at the Bhola and Abdullah fish hatcheries and supply electricity to the neighboring communities, in addition to powering hatchery operations. The hatcheries use the electricity generated by the microgrids to operate pumps that shower and circulate fresh water in fish ponds. Members of the community noted benefits that include money saved on fuel purchases, better air quality in homes, and availability of lighting for studying and other household activities.
Village Infrastructure Angels (VIA)
During the May 13-23 trip, the team visited several of Village Infrastructure Angel’s project sites in Vanuatu and Indonesia. VIA is working to install solar-powered agro-processing equipment in off-grid rural villages. Through visits to 15 installations, the team observed a variety of solar mills being used to process rice, corn, coconut, and cassava. Benefits reported include time saved, particularly for women, from work that is no longer done by hand; time available for new productive activities and micro-business creation which lead to increased income; and better tasting and more nutritious food.
Solar-Powered Irrigation System Resources
The Benefits and Risks of Solar-Powered Irrigation: An Overview - examines global use of SPIS, and how various countries work to create an enabling environment for SPIS.
Toolbox on Solar Powered Irrigation System (SPIS) was recently launched by Powering Agriculture, in collaboration with the Food and Agriculture Organization of the United Nations (FAO), to assist solar irrigation practitioners in providing hands-on guidance to end users, policy makers and financers. Learn more and access the Toolbox here.
Funding Guide: Powering Agriculture has published a handy financing guide for innovators. The guide presents an overview of the most common funding options, including grants, debt, and equity, along with a snapshot of emerging alternative forms of financing.
The United Nations Food and Agriculture Organization (FAO), in cooperation with Powering Agriculture Founding Partner GIZ, recently published several documents for the "Investing in Sustainable Energy Technologies in the Agrifood Sector" (INVESTA) project.
The Costs and benefits of clean energy technologies in the milk, vegetable and rice value chains - the report is supplemented by a series of briefs focused on the cost and benefit of clean energy technologies in various value chains.
The INVESTA project identified the main barriers to the full deployment of clean energy technologies, possible ways to overcome them, and the resulting costs and benefits. More information, along with the briefs, can be found here.