In Cambodia, ENGIE Rassembleurs d’Energies is participating in the first round of financing for ATEC, a company that produces and distributes biodigesters. The company, created by 2 Australian NGOs (Engineers Without Borders and Live and Learn), designed and developed the biodigesters, which can withstand floods, for use by rural populations. The aim is to provide them with clean cooking solutions and biofertilizers while fighting deforestation, one of the biggest challenges for the region. This joint investment, alongside 2 Australian social impact investment funds and the Ensemble Foundation, will allow ATEC to serve more than 50,000 beneficiaries in Cambodia and the surrounding region by 2020. It is the first investment by ENGIE Rassembleurs d’Energies in Southeast Asia.
In Latin America, ENGIE Rassembleurs d’Energies is expanding its portfolio by investing in KINGO, a company that specializes in access to clean energy in Latin America and Africa. KINGO offers individual solar electrification solutions to people in Guatemala who are not connected to the grid. Currently, through its network of 700 local agents, the company provides electrical access to more than 170,000 beneficiaries by equipping them with decentralized photovoltaic equipment using “pay as you go” technology. KINGO supports its customers by maintaining the installed systems and responding to changes in their needs over time. The investment, made jointly with development banks Proparco1 and FMO2 as well as other local social impact investors, should enable the company to bring electricity to more than 1.5 million people by the end of the decade.