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…

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…

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…

Quality Verification Services: New Pricing Fees Explained

…product or its advertising. Upgrade Existing Certification to IEC TS 62257-9-8 Assessing a product or family that already meets the Lighting Global Quality Standards to determine if it also meets the requirements of IEC TS 62257-9-8 will require at a minimum some additional testing of any PV modules, review of additional documentation and review of the product packaging and user manual. Pricing for this service will be calculated as follows: the…

Expanding Energy Access While Reducing GHG Emissions

…the solar lights and solar home systems that have already reached their end-of-life — an estimated 26.2 million of them in sub-Saharan Africa and South Asia alone. Safe disposal of these products can be challenging as they often contain toxic metals and hazardous chemicals and as off-grid solar and electronic appliance markets grow, it is expected that more and more governments will adopt e-waste policies. To support in this endeavor, we are recru…

BLOG | (Em)powering Farmers in Africa

…ider array of products, including those driven by distributors, such as pay-as-you-go (PAYG) financing for solar home systems (SHS). Today, over 25.5 million people across sub-Saharan Africa meet their basic electricity needs through quality-verified off-grid solar sources. Without dedicated market building efforts, it is extremely unlikely so many would have gained access, given financial realities. The future of PULSE These market-building effor…