Rural Electrification with Renewable Energy (REwiRE) has taken the multi-level task of financing, developing and managing renewable and sustainable energy power grids in emerging markets. In this type of setting, once a company is on the ground in a foreign country, many unforeseen challenges present themselves.
REwiRE has chosen Indonesia, where 67 million people are without electricity, as the best country for the business. Indonesia presents almost the perfect situation for a startup such as REwiRE. The archipelago landscape has made fuel shipments to the country’s 18,000 islands very costly leaving some communities without power completely. However, this provides the perfect context for smaller scale power grids which can provide the communities of Indonesia with much needed and affordable electricity.
Faced with a new culture, diverse landscape, and unfamiliar legal system, REwiRE has teamed up with Ibeka, an NGO which has been helping REwiRE get accustomed to local culture and other challenges.
Providing electricity to impoverished communities is one of the most important building blocks to creating an infrastructure that can pull a developing country into the developed world. By contributing this tantamount element to Indonesia’s diverse landscape REwiRE sets the stage for more future development.
Source: Social Capital Markets