ReCap Group acquires Endless AB to expand its solar investments products into social housing. “The combination of ReCap’s financial expertise with Endless’ social and environmental approach shall provide a good base for the popularization of distributed solar energy and provide a meaningful contribution to meeting Sustainable Development Goals 1, 7 and 11” says the founder and CEO of Endless.
Among the work developed by Endless AB, one can highlight the Distributed Energy for Social Housing (DESH). This project aims to give feasibility for solar energy in low income households in Brazil, the client group with the least access to solar energy. DESH is one of the projects being developed in the Climate Finance Lab, an initiative created by the partnership of major development finance institutions, key private sector actors, and several climate finance donor governments.