Inter-American Development Bank (IDB) awards PowerMundo $100,000 as a winner of the IDEAS Energy Innovation Contest
A press release from the REEEP-funded, Colorado-based international social enterprise PowerMundo has just announced that they have been selected as one of 10 winners of the Inter-American Development Bank (IDB) 2013 IDEAS Energy Innovation Contest, an initiative to promote innovative solutions to energy problems, benefit communities, create jobs and expand access to renewable energy in Latin America and the Caribbean. The IDB chose PowerMundo’s proposal entitled “Digital Diesel: Pay As You Go Financing for Solar Energy in Rural Peru” as one of the top 10 proposals in a field of 563 applicants. PowerMundo will receive $100,000, technical and business development support, as well as access to experts, policy makers, institutions and potential financial partners to implement and scale up its ideas.
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