The Future of Lighting Global

…stage market needs. IFC’s core Lighting Global activities are now adapted to today’s market and led by a variety of strong partners, allowing IFC to shift focus to the essential task of mobilizing private investment to enable the commercial market to reach the scale needed to help deliver universal energy access by 2030. We will do this by leveraging IFC investment resources to support local financial institutions to provide needed local currency…

Blog | Lighting Nigeria:Tackling Energy Poverty Despite Covid-19

…ergy access a front-burner issue. Lighting Africa studies indicate that low-income households in Africa spend up to $17 billion annually on expensive but low-quality, unsafe lighting alternatives. Today, close to 600 million people in Africa are without access to electricity. This number represents 60 percent of the world’s 789 million people who do not have any access to electricity. According to the International Energy Agency (IEA), 530 million…

BLOG | Championing the Cause for Quality in Off-Grid Solar Products

…on that they need. The Lighting Global program operates an independent, non-commercial global quality assurance (QA henceforth) framework for modern off-grid energy and lighting products. It is the World Bank Group’s platform supporting sustainable growth of the international off-grid lighting market as a means of increasing energy access to people not connected to grid electricity. Through Lighting Global, IFC and the World Bank work with the Glo…

BLOG | How a New Set of Metrics Is Poised to Transform PAYGo Solar

…FORM partners are moving forward with additional work, including (1) a soon-to-be-released Technical Guide for the KPIs, (2) an Accounting Guide to review differing approaches employed within the PAYGo sector and start an industry-wide conversation to agree on common accounting practices, (3) continuing data collection to demonstrate the usefulness of the metrics and provide benchmarks that can be used by the industry, and, (4) perhaps most import…

Path to Profitability

…g blocks for sustained profitability. While profitability through economies-of-scale holds true in some business models, it may not for others, and can very well undermine the performance of the entire organization. In response to this growing concern, Lighting Global presents a different kind of approach to address the profitability challenge facing off-grid solar businesses, for both retail models and Pay-As-You-Go (PAYGo). This new effort inclu…

BLOG: Public Funding for Off-Grid Solar

…der, and is proven to be effective at incentivizing companies to enter hard-to-serve geographical areas. However, it can be relatively expensive, and has limited impact if companies remain working capital constrained. Credit Guarantees can enable companies to access finance from local or international investors, but this kind of support often has low visibility, making it difficult for governments to take credit for their role in the companies’ ac…

PRESS RELEASE | New Reporting Standards Could Energize the Off-Grid Solar Industry

…g and Measurement (PAYGo PERFORM) financial reporting framework for the pay-as-you-go (PAYGo) solar industry. Developed through an industry-led process involving roughly 600 stakeholders, the framework represents a significant step toward helping this promising young industry improve performance, present an accessible profile to investors, and attract the capital it needs to lift millions of people out of energy poverty. The PAYGo PERFORM framewor…

Reuters | Solar keeps lights, phones on for rural Kenyans during pandemic blackouts

…photovoltaic (PV) unit she purchased in January means she no longer needs to buy kerosene for lamplight. And she can also help others in her area who are without electricity, either because of faults on power lines around the country due to heavy rains since March or because they could not pay their bills after losing their jobs during the pandemic. “My neighbours who are experiencing blackouts now come to me so that I can charge their phones for…

IEC adopts Lighting Global Quality Standards

…ndards became an official IEC Technical Specification known as IEC TS 62257-9-8. IEC TS 62257-9-8 sets the baseline requirements for the quality, durability and advertising accuracy for stand-alone renewable energy products with the aim of protecting consumers. The evaluation of these requirements is based on the test methods defined in IEC TS 62257-9-5. Both of these publications are part of the IEC 62257 series which focus on rural electrificati…

PRESS RELEASE | 2020 Global Off-Grid Solar Market Trends Report

…lerated rate of 13 percent, with up to $7.7 billion in external investment to companies and up to $3.4 billion of public funding to bridge the affordability gap. “Only by crowding in commercial finance at scale can we reach the target of achieving universal access by 2030,” said Paulo de Bolle, Sr Director, Global Financial Institutions Group for IFC. “We are eager to work with our local bank partners in the more mature off-grid markets where comm…