Written by Brinda Ganguly, Sr. Associate Director, The Rockefeller Foundation
Read original blog post: rockefellerfoundation.org/blog
Recently, The Rockefeller Foundation and OMC Power closed a $4.5 million deal to finance OMC Power’s construction and retrofitting of 100 solar power plants in rural Uttar Pradesh, India to serve villages that do not have reliable access to power.
This deal is an example of a foundation engaging in impact investing—making an investment that generates social impact as well as a financial return.