Bloomberg drops $5 million for off-grid solar lamp art in Africa

Bloomberg’s philanthropical body, has decided to fill that need for a large number of African families by sending along £3 million (~$5 million).

By Zachary Shahan - Source: http://www.treehugger.com
Photo © Merklit Mersha via Little Sun

Photo © Merklit Mersha via Little Sun

Solar power is the cheapest option for new electricity across much of the developing world, but financial support to purchase it is still needed. Bloomberg Philanthropies, Bloomberg’s philanthropical body, has decided to fill that need for a large number of African families by sending along £3 million (~$5 million). However, it isn’t 100% charity; it’s a loan.

The £3 million will go to Little Sun, a company that is bringing solar lamps to people across Africa in order to replace dirty, health-damaging, and climate-damaging kerosene lamps. The £3 million is a low-interest loan, so Bloomberg is still expecting to make some money on it.

Photo © Tate Modern/Promo image

Photo © Tate Modern/Promo image

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