SunEdison – the leading renewable energy developer – expands deeper into emerging markets.
In a conference room in midtown Manhattan on Tuesday, large screens glowed bright orange with the SunEdison logo. But the gathering was not a sales pitch for SunEdison, argued the company’s CEO, Ahmad Chatila.
“We hope next year there will be many more companies here with us, and many more after that,” Chatila told the audience during an impromptu address.
The company was front and center, however. At the Eradication of Darkness Summit this week, SunEdison announced plans to bring electricity to 20 million people by 2020, with an interim goal of lighting up 1 million homes in 2015.
The commitment would only address a fraction of the 1.3 billion people who live without electricity and the billion others who only have intermittent access to power. But it is a considerable pledge from a single company — and a helpful boost to the World Bank’s goal of getting 500 million people connected to power through private business investments.
SunEdison sets goal to bring power to 20 million people by 2020
SunEdison has announced a plan to bring electricity to 20 million people in underserved world communities by 2020. The project will be conducted by SunEdison Social Innovations, a group whose mission is to help rural communities by developing business models and introducing new communities to help renewable energy sustainable.
“Billions of people worldwide don’t have access to electricity,” said Ahmad Chatila, president and chief executive officer at SunEdison. “Without electricity they can’t access many of the things we take for granted — health clinics with vaccines, or schools with computers and fans. But by applying a mix of new business models, new technology, and charitable donations, we are tackling the issue head on.”