California-based solar energy services firm SunEdison says its SunEdison Rural Energy Fund (SREF) nonprofit has received Internal Revenue Service recognition as a 501(c)(3) public charity.
SREF focuses on providing solar energy to hospitals, schools and other institutions in rural and remote areas that cannot afford the upfront costs of a photovoltaic installation.
‘We are combining our efforts to help provide electricity to rural populations with not-for-profit organizations,’ says Ahmad Chatila, president and CEO of SunEdison, citing one program to install solar-powerd water pumps to villages in India." Supporting SREF allows us to extend our reach to other geographies where there are people in need.’
SREF's SunFarmer provides long-term financing and technical assistance to health clinics and schools that can benefit from solar, but can't afford the upfront cost.
For more information about SREF and SunFarmer, click here.