Digitally financed off-grid solar has transitioned from pilot scale to a diverse and substantial sub-sector of the global off-grid energy market. Today nearly 30 companies operating in at least 32 countries provide access to consumer capital for off-grid solar using digital finance, opening access to vital electricity services. Building on the burgeoning pico-power and solar home system (SHS) progress of the last decade, information and communication technology systems are accelerating and reshaping the dynamics of off-grid electricity access by providing financing and increasing connectivity throughout the supply chain. Mirroring trends in mobile money adoption rates, Kenya and other countries in East Africa are early focus areas for deployment.
Resource Type: Market Analysis Reports