News Article

GoParity Uses Crowdlending For Solar Power In Uganda


GoParity, a Portuguese fintech that helps finance sustainable projects through crowdlending, partnered up with SolarPipo Group, a one-stop-shop for solar energy projects in Uganda, to raise funds for dairy cooperatives to go solar, raising more than 200.000€ for four dairy cooperatives.

20-40% of all milk production in Uganda is wasted due to a lack of timely refrigeration. Solar power technologies provide consistent electricity for cold storage of milk, impacting the milk producers and the surrounding population (explained in this video).

GoParity's community of impact investors has lent 220.000€ to install solar panels in four dairy cooperatives in Uganda. The projects, developed by SolarPipo, aim to replace diesel generators for solar power plants and acquisition of battery racks producing more than 375 MWh of clean energy yearly, reducing the cost of cooling milk and supporting the creation of more than 4000 jobs as a result of the increase in the volume and microprocessing of milk.

"Our vision at GoParity is of a renewable and decentralized energy system, in which energy is accessible and affordable to all and used in the most efficient manner, involving local communities." says Nuno Brito Jorge, CEO of GoParity.

By allowing the cooperatives to run on clean energy, and eliminating the diesel consumption, 64.15 tons of CO2 emissions are being avoided every year.

GoParity and SolarPipo have impacted around 10.800 people by funding the Kasolwe Cooperative, the Kyenturegye Cooperative, the Baitambogwe Cooperative and the Buyende Cooperative, and until the end of the year are planning to finance a total of seven cooperatives, reaching a global amount of 400.000€ invested in Uganda.

A reliable energy system has had a trickle-down impact improving the lives of the population by generating jobs; tackling malnutrition; through bigger access to education and better and safer working conditions.

SolarPipo Group, with over eight years of experience in the renewable energy sector is specialized in solar projects for dairy producers. Acting as an installer and investor, easing the process of electrification of dairy cooperatives in Uganda using solar power. GoParity, a crowdlending financing platform that funds social and environmental impact projects using its community of investors, has financed more than 6 million euros for more than 100 sustainability projects, attracting more than 12,500 users.

GoParity Uses Crowdlending For Solar Power In Uganda
Meyer Burger Considers Legal Options After Termination Of Collaboration
Toshiba Announces New Photovoltaic-output Photocoupler
New Commercial Fronius Tauro Inverter Is The First Choice For Large-scale PV Systems
Verkor Partners With Renault Group To Gear Up Its Battery Manufacturing In France
Highfield Solar Secure €160m Financing For Irish Solar PV Duo
Pinergy Acquires Solar Electric
Sonnedix Acquires From RIC Energy A 300 MW Development Portfolio In Spain
Solar Farm Boom In East Of England
ONYX Solar Will Acommplis The Largest Photovoltaic Integration In Africa
Octopus Renewables Acquires Irish Solar PV Sites
DNV’s GreenPowerMonitor Launches World’s Most Innovative Solution For Stabilizing Power Networks
Conexio-PSE Conference Organizer Merger Complete
EconCore’S New Honeycomb Cores Resin Deliver High Heat Performance
SONNENSTROMFABRIK Installs Machinery For New Generation Of PV Modules
IBC SOLAR Cooperates With Wholesale Network FEGIME
Untapped Potential In Germany For Renewable Energies In Trade And Industry
Fronius Comes Out On Top Once Again In Energy Storage Inspection
Hitachi ABB Power Grids Is Evolving To Become Hitachi Energy And Broadens Commitment To A Sustainable Energy Future
Commitment Of US$50m In NextPower III LP And New Revolving Credit Facility
Power Factors Extends Drive Asset Performance Management Platform To Support Utility-Scale Energy Storage
Pfeiffer Vacuum Is A Partner Of The Kems4Bats Junior Research Group Of The German Federal Ministry Of Education And Research
Etrion Announces Agreement To Sell The 9.5 MW Misawa Solar Project To Japanese Consortium
Anesco Secures Trio Of O&M Contracts In Ireland

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
Live Event