Simpa Networks manufactures a solar household system that, unlike some others, is off-the-shelf, and easy to install and maintain. Inspired by mobile phone prepayment systems, the big innovation is Simpa’s unique "Progressive Purchase" pricing model, a micropayment system specifically designed to fit the unpredictable incomes of the poor.
Several clean tech projects serving the poor are, in part, financed by the creation and sale of carbon offsets. Carbon finance improves the product’s value proposition by providing additional revenue streams to make them financially viable and available at a lower price point for end-users.
WRI’s new report, Power to the People, produced in collaboration with the Center for Development Finance-IFMR, looks at the market potential for clean and renewable energy in rural India. The following interview, with co-Author and NextBillion Staff Writer Saurabh Lall, explores the study’s main insights and conclusions.