African PAYG solar companies have hogged 72% of sector’s investment
The first post-pandemic update on the state of the world’s off-grid solar industry has painted a picture of domination by European companies, but highlighted the potential for new startups in West Africa and an increasing use of PV as a backup to unreliable grid supplies.
The weekend read: A bump in the road for pay-as-you-go solar and self-sustainability
Two high-profile bankruptcies this year could serve as a warning for the potential pitfalls of pay-as-you-go and small scale, off-grid solar. However, Marcus Wiemann and David Lecoque of the Alliance for Rural Electrification say such business models can lead to long-term success and have a key role to play in providing power to the 1 billion people throughout the world who still live without electricity.
EIB earmarks $25 million financing for d.light solar kit deployment in Africa
Looking to support rural and suburban populations and micro-entrepreneurs with no reliable electricity source, U.S. off-grid solution provider, d.light has secured further funding for the deployment of its solar kits across Africa.
Kenyans embrace d.light’s D30 Pay-Go solution
Since launching in October 2016, off-grid solar solution supplier d.light has sold over 120,000 units of its D30 Pay-Go home system. Most of the sales were made in East Africa, with the Kenyan market accounting for the majority of sales.
d.light secures further USD 10.5 million in funding for off-grid solutions
Off-grid solar solution manufacturer d.light has raised a further USD 10.5 million in funding to expand its operations in Africa and Asia, which brings the company’s total to an impressive USD 40 million in just four months.
