Renewable energy is a thriving industry for entrepreneurship in developing countries. In this interview, Meredith Elliott of E+Co discusses her experience investing in energy solutions in over 22 countries across Africa, Asia and Latin America. E+Co is a non-profit that focuses exclusively on energy projects in developing countries in order to bring entrepreneurs up the clean energy ladder. Companies have to meet a series of 34 impact indicators from the GIIRs standard. Progress on these indicators is collected twice a year by monitoring and evaluation officers. Elliott finds entrepreneurs through word of mouth, training and incubator events. At the moment, rural electrification projects are the most proliferate, and 50% of these projects are solar.
Connie Kwan is a SocialEntrepreneur based in Silicon Valley, CA. She holds an MBA in Sustainable Management from Presidio Graduate School, and covers stories about triple bottom line businesses and projects. Follow her on Twitter @ConnieMKwan and check back for more video interviews from SOCAP 2011.