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Agency Banking and Off-Grid Energy: Banking the Unbanked Through Solar
In rural Africa, off-grid renewable energy products are gaining momentum - but their upfront cost can make them inaccessible to low-income customers. Commercial banks have struggled to penetrate these markets, but Thelma Obiakor at the Centre for the Study of the Economies of Africa explains that this is now changing. Thanks to agency banking, financial services and solar companies are providing a bridge to both energy access and greater financial inclusion.
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Four Lessons Utility Providers Can Learn from the Financial Inclusion Sector
Over 1 billion people lack reliable access to essential services like sanitation, potable water and electricity - and reaching them remains a stubborn challenge. But as Jacob Winiecki and Malika Anand at BFA point out, the financial inclusion industry has learned a lot about how to serve low-income customers in remote communities. They share four key lessons in this thought-provoking article.
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Fighting a Pandemic in the Dark: How SolarAid is Helping Countries in Sub-Saharan Africa Respond to COVID-19
As COVID-19 starts to spread through sub-Saharan Africa, John Keane and Sofia Ollvid at SolarAid point out that an estimated 600 million people on the continent live without access to electricity at home, and a staggering 75% of health facilities have unreliable power. They explore what solar providers are doing to help African countries respond to the pandemic.
- Categories
- Coronavirus, Energy, Health Care
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A No-Brainer for SMEs: How Solar Can Help Small Businesses Recover from COVID-19 – And Save Money in the Long Term
The coronavirus lockdown is leaving many small- and medium-sized enterprises – especially in emerging economies – on life support. As businesses restart, they will be seeking ways to boost their cash position. According to Philippe Flamand at candi solar, shifting to solar can save SMEs money from day one – if funders can help them overcome a key obstacle.
- Categories
- Coronavirus, Energy
- Tags
- COVID-19, energy access
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Keeping the Lights On: How PAYGo Solar Can Offer Customer Relief During COVID-19
Off-grid solar delivers essential energy to millions of people, helping make households, business and institutions more resilient to the COVID-19 crisis. But as analysts at BFA, CGAP and GOGLA explain, the pandemic threatens the industry, particularly its very successful pay-as-you-go business model. They explore how companies could enable customers to continue using their solar home systems during the pandemic, with reduced – or even without – customer payments.
- Categories
- Coronavirus, Energy
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From the Fringe to the Center: Assessing the State of the Off-Grid Appliance Market in 2020
Energy access is about much more than connecting households to the grid, or getting them a rooftop solar panel. People also need access to life-changing appliances. But as Jenny Corry Smith at CLASP and Michael Tsan at Dalberg Advisors explain, these appliances still aren't reaching many households in rural sub-Saharan Africa. They share key insights from the new State of the Off-grid Appliance Market Report on how the sector can address this growing priority.
- Categories
- Energy
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New Data and Technologies are Transforming Energy Access – Public Policy Must Catch Up
Technologies like geospatial imagery, machine learning and affordable batteries are generating ever more innovative ways to target customers with off-grid energy solutions. But according to analysts at the Duke University Energy Access Project, public policy is struggling to keep up with these rapid-fire developments, leaving vast amounts of human capacity and productivity untapped. They explore how to address this disconnect between government and the private sector.
- Categories
- Energy
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Unlocking Off-Grid Energy Finance: What Options Are Available for the Last Mile?
Extending the power grid to underserved communities is often prohibitively expensive. That's why decentralized renewable energy (DRE) is increasingly recognized as an essential approach. However, investments remain focused on grid-connected electricity, with only 1.2% directed towards DRE solutions in 2017. Surabhi Rajagopal and Eco Matser at Hivos explore challenges and solutions in financing energy access through DRE.
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