The International Finance Corporation (World Bank Group) and Financial Times’ Transformational Business Awards, also known as ‘the Oscars of the renewables world’, held in London on Thursday the 13th of June 2019.
Rensource Distributed Energy Limited won the ‘Excellence in Climate Solutions’ award and was highly commended for its work in the ‘Transformational Solutions in Urban Infrastructure’. Rensource was recognized for its work in reversing the trend of power shortages in Nigeria which keeps hurting businesses and households, by delivering low-cost, fixed-price energy to urban SMEs and households with solar-hybrid mini-grids.
The Transformational Business Awards is an impact-driven award set up by the International Finance Corporation (IFC) which is an arm of the World Bank Group and The Financial Times (FT) newspaper. The awards pinpoint the crucial role of private sector initiatives and capital in efforts to attain the United Nations Sustainable Development Goals (SDGs) — a blueprint set out by the UN to achieve a more sustainable future and address climate change.