In this episode of Next Economy Now, Erin Axelrod, a Partner at LIFT Economy, interviews Sandra Kwak, Founder and CEO of 10Power, a woman-owned company that finances renewable energy in developing communities.
Sandra and Erin discuss the opportunities of bringing solar to countries like Haiti – where the most recent Hurricane Matthew has caused an extraordinary amount of devastation and destruction and yet where there is so much potential to build a regenerative economy leveraging cutting edge renewable energy technology.
As you’ll hear, Sandra is enthusiastic about the promise of solar, especially for the potential it offers to communities who are currently lacking access to electricity. For these countries, it offers a way to modernize in a more efficient, cost-effective, and sustainable manner than what fossil fuels have offered since the dawn of the industrial revolution.
In this interview, Erin and Sandra discuss a number of topics, including:
- How “third-party financing” spurred the adoption of solar in the US, and how 10Power is leveraging that to springboard adoption of solar in Haiti.
- Why solar is the backbone of a local, living economy
- The importance of building ownership. The 10Power model fosters local ownership of the companies and all installations are done via a pay-to-own model.
- Why fossil fuels are “not a good investment anymore.”
- The importance of the divestment movement – the largest movement to divest from fossil fuels in financial history.
- Gender equality as a key element that is driving 10Power’s business model
To listen to this podcast, please click the image at the top of the article.