Nearly 70% of people living in developing countries do not have access to modern energy, in particular, electricity. The problem is especially large in Africa where roughly two thirds of households – more than 580m people – depend on wood fuel for their daily cooking and heating needs.
Providing access to cheap, reliable, and modern energy is critical to the achievement of the Millennium Development Goals as it improves local productive capacity and hence reduces poverty.
With a focus in Africa, Helios is accelerating access to modern energy in some of the poorest communities in the world, utilizing renewable sources such as hydro or biomass, and serving small-scale enterprises such as farms, agri-processing businesses and shops, as well as to schools, hospitals and households.
Helios’ approach is pioneering. Working with local communities, the private sector, international development organisations and NGOs, we provide three things:
- the expertise to overcome barriers to the development of modern energy
- a framework of social enterprises within which energy projects can mature and capacity can be built until they are capable of operation on a standalone basis
- a “de-risked” conduit for applying funding from, for example, corporate social responsibility programmes, development agencies and equity funds to carefully selected projects that supply affordable energy to poor communities on a sustainable basis.