Some operators are creating structured finance products to cut costs and address more potential investors.
Pay as you go solar light.
Has secured 90 million in new funding to expand its pay as you go payg solar consumer financing business and consolidate its debt portfolio.
The rise of pay as you go payg systems as a method to make off grid systems accessible is one such method.
A solar panel off the grid on a rooftop in africa building a mini grid system.
Second by selling or licensing its payment platform solution progressive payment to microgrid operators and vendors of home solar systems and other energy related solutions.
Solar system solar power system solar energy system manufacturer supplier in china offering pay as you go solar energy home lighting system cheap price mini off grid home solar power system 40w custom solar panel home light system products and so on.
Akira partners and orrick.
Simpa earns revenue in two ways.
To scale they need debt capital.
Pay as you go solar is a good system as we now have light inside says nyungura james ode a farmer from mantarra village in south sudan and one of the first to sign up to the project.
First by selling home solar systems to consumers on a pay as you go basis.