Solar as a Service in Rural Africa
Pay-as-you-go solar: home system companies are seeking to provide an on-grid experience in off-the-grid settings. To fight off competition from lower cost, lower quality systems, PAYG companies need to deliver a premium experience at a competitive price.
As the vanguard of an emerging industry bringing light to millions of rural households, companies executing a pay-as-you-go (PAYG) model for solar home systems received $223 million in investment in 2016, a 40% increase from 2015 his support from investors signals that the PAYG model is emerging as a commercial opportunity for providing energy access. …
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