How we do it
We invest in renewable energy to create long-term funding streams that enable and support social and environmental projects.
In 2008, we established our first 3MW wind farm by investing the donations we received and borrowing the rest from an Indian bank. We have two 1.5MW wind generators situated in the very south of India. Every year, each turbine generates around 6.5m kWh and avoids around 3,000 tonnes of CO2. This in itself is a positive environmental and social impact, and there is more.
We sell our electricity to a third party end user through the grid and, due to a recent increase in the tariff, each turbine generates about £400k or INR 31m every year. After servicing any debt and paying for operations, the surplus is used to support our programmes and to reinvest into more renewable energy. The wind turbines have an expected life-time of 20 years, therefore the effect of the original donation will go on working for many years to come.
We have recently invited individuals and organisations to share in the success of our model through the opportunity to provide loans. In return, we offer an attractive interest rate and in some cases further revenue to a charity of their choice. For more information about this, please go to our What you can do page.
If you are a charity and would like to share in the success of our model, please do not hestitate to contact Denis Burn or Wendy Stephenson by sending an email to denis.burn@theconvergingworld.org or wendystephenson@theconvergingworld.org
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