Clean Energy Partnerships Acumen
This program aims to accelerate the transition from biomass based cooking to modern clean low carbon energy efficient alternatives.
Clean energy partnerships acumen. Is an impact investment fund with almost 15 years experience in small and medium sized enterprises smes that serve low income communities in developing countries primarily in sub saharan africa and south asia. A global nonprofit changing the way the world tackles poverty by investing in sustainable businesses leaders and ideas. Acumen is forming a new partnership with the dfid funded modern energy cooking services mecs program. Clean energy partnerships cep establish strategic partnerships and a collaborative platform to accelerate innovation in business models technologies and affordable modern energy access for poor households and enterprises.
With fmo s support along with other peii partners including ikea foundation dfid signify foundation autodesk foundation and more the opportunity to collectively move the needle in. Looking to the future acumen is more committed than ever to creating impact for low income communities by investing in pioneering clean energy companies. Acumen pioneer energy investment initiative peii. A growing number of entrepreneurs are developing and delivering new technologies innovations and business models from off grid solar solutions for homes and small businesses to solar pumps powering irrigation solutions that bring clean energy to low income communities for the first time.
Acumen is excited to announce that fmo the dutch entrepreneurial development bank has invested 2 8 million into acumen s pioneer energy investment initiative peii surpassing the peii s goal of raising 20 million to bridge the funding gap in off grid energy and accelerate energy access across the developing world. The fund kawisafi ventures is accelerating access to clean energy solutions for low income populations in east africa. New york ny april 17 2019 acumen the nonprofit that invests philanthropic capital in companies and leaders tackling poverty today announced the approximately 70 million close of for profit fund kawisafi ventures through acumen capital partners. Kawisafi a nearly 70 million fund aims to scale.
It aims to demonstrate that small amounts of philanthropic capital combined with large doses of business acumen. Acumen has a successful track record in sourcing and executing equity investment opportunities in the clean energy agriculture and health care. Acumen has exited clean cooking investee kopagas a pay as you go lpg provider. In addition to our philanthropic investing work this year acumen achieved the final closing of its first returnable fund kawisafi ventures managed by its subsidiary acumen capital partners.
The acumen fund inc. With the peii acumen s aim is to reach.