Bringing Clean Energy to Africa with DeFi

[EAA-ALLAH]

ENGIE Energy Access and Energy Web have inked a partnership deal aimed at electrifying Sub-Saharan Africa with green solar energy. The team plans to create what it calls decentralized finance (DeFi) crowdfunding platform that will enable investors to provide microloans that will support renewable energy deployment, according to a press release on June 17, 2021.According to research findings by the International Energy Agency (IEA), as of 2019, an estimated 580 million people living in South Saharan Africa are without any form of electricity, representing three-quarters of the global population without power.
Now, ENGIE and Energy Web are aiming to tackle the electricity shortage problem in Africa through decentralized finance, to provide residents in the region with an abundance of clean energy in the form of solar home systems (SHSs) and green energy mini-grids. For starters, the team says it will integrate the Energy Web software tech stack with ENGIE’s platform, before moving on to launch the crowdfunding platform that will enable investors to stake their Energy Web Tokens (EWT), the native altcoin of Energy Web Chain, for the deployment of solar power infrastructure to homes in the region.Source

[EKRA13]

ENGIE Energy Access and Energy Web have solar power for the neglected large population of Africa to light their homes is certainly a commendable initiative.  It's great to hear that the DEFI platform is a partner in this great initiative.  This will change the lives of the neglected people of Africa on the one hand and the popularity of DEFI on the other hand.  The demand and price of these projects in the market will increase further.  Sincere congratulations for posting important news about DEFI.

[Logitech50]

The Africa wait Defi A flash loan attack is an exploit wherein a hacker takes an uncollateralized loan from a lending protocol and manipulates the market in their favor via a series of technical tricks.