Verizon - Haiti Observer Blog

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.

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.

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The president of Verizon Foundation, Patrick Gaston, will be the latest member of the Clinton Bush Haiti Fund team. He is expected to join the team on January 17, 2011 as the Senior Advisor in charge of building a network of relationships for the development of Haiti.

The Clinton Bush Haiti Fund was founded following the January 12 Haiti earthquake. President Barack Obama requested the support of both Bill Clinton and George W. Bush to lead a fund raising endeavor in order to help the people of Haiti.

Patrick Gaston is also expected to reach out to the Haitian Diaspora currently living in several countries. He will encourage them to participate in the reconstruction of Haiti through investment and direct participation

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