Financing Small-Scale Clean Energy Using Remittances

With assistance from Arc, Sogexpress, a Money Transfer Organization, has tapped into the multi-billion-dollar remittance stream from the Haitian diaspora to supply small-scale clean energy solutions to Haitians lacking energy services. In this Briefing Note, read a synopsis of Sogexpress’ pioneering remittances model, which is successfully supplying solar products to those who need them most. View PDF ►

Using Remittances to Finance Clean Energy: Inspiring the Haitian Diaspora to Combat Climate Change

Haiti has one of the lowest electricity access rates in the world, with only 12.5% of its population legally connected to the grid. Remittances offer a new solution for helping to finance the purchase and distribution of energy devices. Given its energy needs, and the size and location of its diaspora-based population, Haiti was an ideal country to test a remittances-backed business model for clean energy. The model uses remittance flows to facilitate the purchase and distribution of small-scale renewable energy devices, thereby fostering the use of clean and efficient energy technology among the energy-poor. View PDF ►