Mosaic and Verizon Putting Poor Nations on the Solar Grid

Mosaic, a solar development company, is using a new business model to fund solar projects in emerging nations. To help launch Mosaic's new venture, Verizon Powerful Answers (VPA) awarded Mosaic one million dollars. Mosaic made this disclosure at the Las Vegas Consumer Electronics Show recently. VPA helps to fund education, healthcare, and sustainability programs, and is partnering with Mosaic to offer solar electricity to underdeveloped nations.

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Mosaic stands to make huge profits with this endeavor. According to Mosaic co-founder and president, Billy Parish, ". . . a $15 billion market (is) emerging for micro- and mini-grids . . ." Using the new term, 'impact investing', Parish says trillions are being spent by investors, who see substantial returns on investment from this new market. He claims Mosaic possesses the experience and resources to offer this investment opportunity to U.S. investors. They will become part of the clean energy movement that will help people currently living off the grid.

Mosaic's finance division is modifying its "due diligence process" to handle the complications of currency exchange, international regulatory loan requirements, and foreign risk assessment.

The recipients of the solar electricity service will pay using cell phones to transfer money to Mosaic, and they in turn will pay in monthly or quarterly installments on both principal and interest to the investors.

It's a win-win situation for all the stakeholders and for nations like Haiti, who can take another step forward in the technological future of the planet.

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Read more: Electricity, Verizon, Mosaic, Energy Environment

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