2030 Finance | January 5, 2018

Church pension fund backs off-grid solar in Africa and south Asia

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The $75 million Off-Grid Solar and Financial Access Senior Debt Fund aims to impact one million people in sub-Saharan Africa and south Asia and reduce carbon dioxide by four million tons.

The Church Pension Fund, which serves the Episcopal Church, invested $17 million in its second in off-grid energy investment.

The $13 billion fund has about $1 billion invested or committed to impact funds, including investments in the Cheyne Social Property Impact Fund, the Avanath Affordable Housing Fund, and the Developing World Markets’ Off-Grid, Renewable and Climate Action Impact Note.