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.