OREANDA-NEWS. Gerard Mestrallet, chairman and CEO of GDF SUEZ, signed in the presence of the Peruvian Minister of Social Inclusion and Development, Ms Carolina Trivelli, a Memorandum of Understanding with Microsol a social enterprise involved in supplying sustainable access to energy to poor populations. Under this agreement GDF SUEZ will assess a direct investment in Microsol as part of the GDF SUEZ Rassembleurs d’Energies solidarity fund.

Microsol, a Franco-Peruvian social enterprise has developed an innovative and promising business. It supports projects from NGOs or private companies that develop sustainable technologies of decentralized energy production. The implementation of renewable technologies helps to save energy while minimizing CO2 emissions and thus generating carbon credits. Selling those carbon credits on the international carbon market provides additional financial resources for these projects.

Among others, Microsol supports the Qori Q’oncha program in Peru. This program targets the installation of more than 100,000 improved cook stoves in the country. It improves health conditions of populations by decreasing respiratory diseases, economic situation of families by saving energy and time for extra revenue generating activities and climate change mitigation by reducing deforestation and greenhouse gas emissions.