Akon Lighting and its environmental justice initiative, the Black Sunrise Fund, secured a partnership with the U.K-based Growmore Group. Partnership aims for assistance in structured management and equity raising activities for Akon’s fund.
Firstly, the Black Sunrise Fund, is a company’s initiative to help “bridge the gap” between the black community and clean energy opportunities. It pretends to make a significant impact on social and income equality and industrial sustainability.
Secondly the Black Sunrise Fund mainly acts through the creation of workforce development programs for black minorities; this, through the decommissioning of coal plants across the US and the recommissioning of them into renewable energy assets, whether it’s solar, wind, or storage.
Thirdly, the BSF also offers solar installation services, in partnership with local community colleges, as well as industry partners such as Orbital Solar Services. This wholly-owned subsidiary of Orbital Energy Group, is the company “of choice” for the newly-formed BSF Half Century Fund.
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Black Sunrise Fund, leader in socially responsible and sustainable investments
Consequently, the fund is expected to grow to a total of $5 billion; specially after the partnership with Growmore Group; whose CEO, Raj Lakha, stated. “We are delighted to partner with Black Sunrise Fund, with its dynamic and unique plans for green energy and social impact in the U.S.”
He also added: “The Black Sunrise Fund is headed by two experienced and talented entrepreneurs; namely Brandon Martin and also Akon Thiam, who have a solid track record in renewable energy. We are confident that BSF will become a leading player in promoting socially responsible and also sustainable investments. So far, investor response has been considerable.”
On the other hand, Brandon Martin, Akon’s CEO, said. “This partnership with Growmore Group is an exciting and also very important next step for the BSF. It was extremely critical for us to find a fund manager whose vision aligned with ours; and also had the reputation and track record for delivering large scale capital to address social and environmental issues.”
Finally, Akon, co-founder of the company, concluded. “I look forward to working with Raj Lakha and the entire Growmore Group; they will lead the BSF in fostering important change that we must have in our world today.”