SolarCity launches foundation, providing solar power to schools without electricity

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SolarCity (Nasdaq: SCTY) launched a foundation to donate solar systems to schools in developing countries. The systems will come with battery storage units so sunlight can be stored and provide light at night. SolarCity hopes that this may create a place for adults to attend night school or community programs to be held. 

For every megawatt of residential solar power that the Give Power Foundation™ installs in 2014, SolarCity will donate a solar power/battery back-up system to a school.

SolarCity expects to install at least 400 MW of electricity in 2014 and expects to start in Haiti, Mali, Malawi and Nepal.

In a statement SolarCity released it noted that approximately 291 million children who attend primary schools lack electricity globally, and 1.4 billion globally do not have access to power.

Hayes Barnard, SolarCity’s Chief Revenue Officer and President of Give Power Foundation stated that the company wants to achieve the United Nations goal to ensure everyone has access to electricity by 2030.

Currently the Give Power Foundation partners with buildOn, an international nonprofit organization that strives to deliver power to communities in need by building schools in developing countries and running youth service programs in United States high schools.

SolarCity’s Give Power Foundation is headquartered in California and expects to receive approval as an 501c3 organization in 2014. 

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