Fulfilling this objective led to the creation of a non-profit facilitating unit within the EDP Foundation, operationally coordinated with the sales activities of the EDP companies and the market in order to procure new projects, continuing the virtuous cycle initiated in Kakuma.
This specialised area, called Power for Development, aims to implement programs that provide access to energy in developing countries, based on renewable energy solutions, mainly solar, in order to contribute towards breaking the cycle of poverty and to promote social, economic and environmental development, while imparting social responsibility and a business approach.
This activity enables needy families to relieve the pressure on their scarce family budgets, given that in developing countries, a significant part of their revenue is spent on fossil fuels (for ex. oil for lighting, diesel, wood, etc.), thereby helping reduce health hazards caused by the daily burning of these resources and reducing the time and risk associated with collecting them.
At the same time, governments and other institutions perceive these projects as tools for rural electrification or corporate social responsibility projects, while the manufacturers and service providers see a business opportunity in these projects, in the field of distributed generation and energy efficiency.
The EDP Foundation acts as a non-profit facilitator, identifying opportunities, helping raise funding, managing the execution projects and ensuring the activity’s financial self-sufficiency.