Clean Energy Partnerships Acumen
Looking to the future acumen is more committed than ever to creating impact for low income communities by investing in pioneering clean energy companies.
Clean energy partnerships acumen. The acumen fund inc. Is an impact investment fund with almost 15 years experience in small and medium sized enterprises smes that serve low income communities in developing countries primarily in sub saharan africa and south asia. A growing number of entrepreneurs are developing and delivering new technologies innovations and business models from off grid solar solutions for homes and small businesses to solar pumps powering irrigation solutions that bring clean energy to low income communities for the first time. Clean energy partnerships cep establish strategic partnerships and a collaborative platform to accelerate innovation in business models technologies and affordable modern energy access for poor households and enterprises.
Acumen pioneer energy investment initiative peii. Acumen formerly known as acumen fund is a non profit impact investment fund with over 15 years experience in investing in social enterprises that serve low income communities in developing countries across sub saharan africa south asia latin america and the united states. Acumen is forming a new partnership with the dfid funded modern energy cooking services mecs program. A global nonprofit changing the way the world tackles poverty by investing in sustainable businesses leaders and ideas.
With fmo s support along with other peii partners including ikea foundation dfid signify foundation autodesk foundation and more the opportunity to collectively move the needle in. Acumen will support. Kawisafi a nearly 70 million fund aims to scale. Acumen is excited to announce that fmo the dutch entrepreneurial development bank has invested 2 8 million into acumen s pioneer energy investment initiative peii surpassing the peii s goal of raising 20 million to bridge the funding gap in off grid energy and accelerate energy access across the developing world.
Acumen has exited clean cooking investee kopagas a pay as you go lpg provider. With the peii acumen s aim is to reach. This program aims to accelerate the transition from biomass based cooking to modern clean low carbon energy efficient alternatives. New york ny april 17 2019 acumen the nonprofit that invests philanthropic capital in companies and leaders tackling poverty today announced the approximately 70 million close of for profit fund kawisafi ventures through acumen capital partners.
It aims to demonstrate that small amounts of philanthropic capital combined with large doses of business acumen. Clean energy agriculture education healthcare workforce development and financial inclusion.