Bringing Clean and Solar-Powered Energy to Rural Communities and Farmers
Innovation Type:
Water-Energy-Food
Product Segment:
Energy – Farm Production & Mechanization
Country of Incorporation:
Lebanon
Country of Implementation:
Lebanon
Seeking Investment:
Yes, $10 million USD
Financing Goals:
Seeking equity (angel investor, venture capital or private equity)
Contact Name:
Saad Maacaron
Contact Email:
Website:
Challenges
The current, unfolding situation in Lebanon has resulted in a growing scarcity of subsidized fuels, and little to no access to subsidized electricity from EDL (the national utility company), especially in rural farming areas. This is especially concerning for farmers, as energy usage is critical for their survival. Also, due to the current situation, Lebanese farmers do not have access to financing, which is needed to buy capital-intensive, power-generating equipment.
Solutions
Green Essence Lebanon’s solution provides farmers with solar systems and uses an innovative financing model to relieve farmers’ financial burdens. The company covers the initial investment, maintenance, and operating costs while the farmers pay the company back. Green Essence Lebanon also creates incentives that encourages smallholder farmers to develop additional income opportunities by selling surplus pumped water and generated electricity to neighbors, The company also creates incentives for women and marginalized populations so they have access to and benefit from the solar systems.
