REwiRE is a Model Venture Starting Its Work in Indonesia
Tiana Reid — May 14, 2013 — Social Good
References: rewire.drupalgardens & borgenproject.org
REwiRE, which stands for Rural Electrification with Renewable Energy, is a project that starts in Indonesia and more specifically on Sumba Island in NTT (a province called Nusa Tenggara) but will attempt to replicate its model there to numerous places around the world. The broad goal is to bring electricity to rural areas.
"REwiRE will innovate on traditional project finance methods to bundle multiple village-scale mini-grid projects into a package large enough to attract institutional investors, justify the transaction costs of funding from multilateral agencies, and mitigate risk through co-ownership with community organizations," the team writes on its process.
According to the Borgen Project's Pete Grapentien, REwiRE partnered with a non-governmental organization called Ibeka in order to preempt and react to possible problems.
Contact Information
REwiRE website
"REwiRE will innovate on traditional project finance methods to bundle multiple village-scale mini-grid projects into a package large enough to attract institutional investors, justify the transaction costs of funding from multilateral agencies, and mitigate risk through co-ownership with community organizations," the team writes on its process.
According to the Borgen Project's Pete Grapentien, REwiRE partnered with a non-governmental organization called Ibeka in order to preempt and react to possible problems.
Contact Information
REwiRE website
Trend Themes
1. Rural Electrification - Opportunity for innovative financing models for mini-grid projects to provide electricity to rural areas.
2. Renewable Energy Infrastructure - Opportunity to develop sustainable and scalable renewable energy infrastructure in rural areas using innovative financing methods.
3. Community Ownership - Opportunity for community organizations to co-own mini-grid projects and mitigate risks through innovative financing models.
Industry Implications
1. Renewable Energy - The renewable energy industry can utilize innovative financing models to expand their reach to underserved markets.
2. Infrastructure - The infrastructure industry can leverage innovative financing models to develop sustainable and scalable infrastructure solutions in rural areas.
3. Non-profit - Non-profit organizations can partner with innovative financing models to support rural electrification projects and community-owned infrastructure development.
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