JOIN US for a PAYGo PERFORM webinar
Thursday, 13 December 2018
7-8am EST/1pm CET/3pm EAT
A rapidly growing number of low-income customers around the world are gaining access to solar home systems (SHS) and other solar-powered appliances through pay-as-you-go (PAYGo) financing. PAYGo jointly addresses the challenges of energy access and financial inclusion for the more than 1 billion people — mainly rural and low income — who remain off-grid. This nascent and dynamic industry is populated by young companies with evolving business models, with many facing similar challenges to scale and raise debt financing at suitable terms. With the right set of standardized financial reporting benchmarks and analytical tools, commercial funders and potential investors could more easily evaluate the performance of PAYGo companies and help finance the sector’s growth.
To address this need, GOGLA, the global association for the off-grid solar energy industry, along with the Consultative Group to Assist the Poor (CGAP), and Lighting Global (IFC) are proposing a framework for an open, transparent industry process addressing PAYGo financial analysis and reporting. We propose a governance structure that allows for inclusive stakeholder feedback while driving decision-making. In this structure, technical working groups drawn from the wider stakeholder group and practitioners are empowered to produce content and recommendations. This framework aims to enable companies to improve operations, optimize business models, and facilitate finance into the sector through clearer reporting to investors.
We have met with investors, companies, technical experts, and government representatives to help test, update, and mainstream company performance KPIs into the financial sector. Last month, we hosted a workshop on the status of the KPIs and proposed a transparent industry process for PAYGo reporting. If you were unable to join or did not receive the initial invitation, please join us for a webinar in which we will present key takeaways from the workshop and ask for your feedback.
In this webinar, we will review the evolution of PAYGo solar sector’s key performance indicators (KPIs) and financial reporting to get a sense of where we are today and share insights collected from stakeholders on the current set of KPIs. We will present a proposed framework for an open, transparent industry process addressing PAYGo financial analysis and reporting. It proposes a governance structure that allows for inclusive stakeholder feedback while driving decision-making and empowers technical working groups to produce content and recommendations.