Featured in The fertile solar crescent – 01-2018

Major milestones for PAYG solar in Africa

Off-grid financials: Acquisitions in the pay-as-you-go (PAYG) solar home system market indicate signs of market maturity: market specialization, the formation of multiple revenue streams, and the first equity exit. pv magazine spoke with the PAYG companies involved in the recent acquisitions to understand the impact on their businesses, and on the PAYG solar market as a whole.

By

pv magazine

16 Jan 2018

PAYG solar home system companies have raised over $600 million in financing, but need to access greater amounts of low cost capital to electrify the 600 million people in Sub-Saharan Africa without electricity access. | Image: Mobisol

Even five years ago, when describing the PAYG solar home system business model, few people would have expected that the industry would have raised over $600 million in financing. If the $600 million figure wasn’t evidence enough, two acquisitions in the PAYG solar sector in 2017 underscore the market’s evolution. At the end of June, …

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