The Wind for Prosperity concept is commercially-based and thus more sustainable than efforts based on philanthropy, traditional development assistance or CSR motivations. It creates an opportunity for business, government, and financial institutions to combine their talents to improve people's lives and generate risk-adjusted returns for private investors.
In order to fulfill this potential in a rapid and sustainable manner, support through private funding is needed.
In the long run, the most sustainable and scalable deployment model for Wind for Prosperity is to attract private investors to own the generation facilities and manage the operations. Typically, this would manifest in a private company owning the wind turbines and selling the output to a local utility or governmental energy agency that in turn distributes to the end user. There are many benefits to such a private-public partnership. For example, it eliminates the need for governments to invest large sums of money and it involves multiple parties that have aligned interests for long-term success.
There are alternative deployment models. For instance, companies operating in remote areas off the grid could partner with Wind for Prosperity for reliable and affordable electricity, provided that a predefined part of the total output is delivered to neighbouring communities.
The cost of energy delivered by the Wind for Prosperity systems will vary depending on various factors including the quality of wind resources and the cost of installation. Providing power in off-grid remote and small community settings is relatively expensive due to lack of scale, and challenges involved in transportation and installation. However, where wind conditions are good, the wind hybrid system will supply electricity at least 30% below the alternative cost, based on diesel generation.
Investors, foundations and donors are invited to help accelerate the deployment of Wind for Prosperity for the benefit of the many communities that today live in energy poverty.