Projects will be structured as Local Social Enterprises (LSEs).
LSEs will be local companies, with financial structures and business plans which generate a “social surplus” after certain transparent, targeted subsidies (for start-up and capital costs) to make the energy affordable to end-users in poor communities.
The specifics will vary depending on country and market environments, but in principle shareholders might include local communities and governments, and local social entrepreneurs.
Helios will take an equity interest and “incubate” the LSE until conditions are ripe for the LSE to be free-standing.
Stakeholders will have a sense of genuine interest in the success of the enterprise as:-
- local farms, agricultural enterprises, and other small-scale enterprises will benefit from access to modern energy; and
- a proportion of the surplus will be distributed to shareholders, staff and/or members to provide incentives for efficiency and good performance.