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Mission To Increase Green Financial Products In UAE | |
| Sumita Pawar |
The media say that Ignite Power is happy to announce that it has signed the Abu Dhabi Sustainable Finance Declaration. This shows that the company is committed to sustainability in the Middle East and elsewhere.
The Abu Dhabi Sustainable Finance Declaration is a voluntary membership-based initiative.
It will be started by Abu Dhabi Global Market (ADGM) in 2019 with help from the Ministry of Climate Change and Environment, the Central Bank, and the Securities and Commodities Authority.
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The goal of the declaration is to improve the quality and range of green financial products in Abu Dhabi and create a thriving, sustainable finance industry to help the Emirate of Abu Dhabi and the UAE meet the Sustainable Development Goals (SDGs) of the United Nations.
Headquartered in the UAE, Ignite Power’s operations are fully aligned with ADGM’s agenda.
"Operating throughout the Sub-Saharan Africa region since 2014, Ignite Power is offering the most advanced, affordable, and sustainable distributed infrastructure solutions, including solar home systems, solar irrigation pumps, clean cooking stoves, and more," said the report.
As the report highlighted, with a network covering more than 12,000 villages, it has saved over 300,000 metric tonnes of GHG emissions (by eliminating the use of combustible fuels, such as kerosene and diesel), while creating a vast social impact, empowering more than 1.7 million people, and creating 3,500 job opportunities in remote communities, with inclusiveness, sustainability, and gender equality leading at every step.
With competitive affordability leading operations and a strong focus on last-mile communities, Ignite is a dominant operator in deep rural locations, collaborating with world-leading development partners, such as the World Bank, BRILHO, GIZ, USAID, and more, to reach and impact millions of people, no matter their location or financial means.
Angela Homsi, co-founder of Ignite Power, happily commented, "We are proud to be a part of such an inspiring initiative."
"Ignite prides itself on leading a constructive dialogue on sustainable finance among various global stakeholders while presenting a perfect example of an impactful business that is changing lives in a sustainable way." "We are excited to continue our sustainability journey with the ADGM’s support and thriving community," Angela Homsi added.
According to the report, till date, Ignite Power has installed more than 300,000 Solar Home Systems (SHS) across 4 countries in sub-Saharan Africa, connecting more than 1.7 million people to clean, sustainable electricity and other solar-based life-enabling solutions.