Targeting Off-Grid Solar Businesses’ Acumen to Expand Energy Access
GOGLA is starting a pilot programme called Elevate to support the next generation of locally-owned and managed companies in the off-grid solar sector.
Elevate will target 20 African companies and is meant to bridge the gap between African companies and international networks and financiers, enhancing their investor readiness. The programme will offer a specialised suite of technical expertise to the programme participants, not direct funding. The companies will be offered tools to access funding through mentoring and business development training. This will help them better understand concepts like financial flows.
Millions of people in sub-Saharan Africa live without electricity, using kerosene, candles and diesel generators to light and power their homes. Off-grid solar provides the faster and most affordable way to bring clean energy access to millions of businesses and homes.
Photo courtesy of DIVatUSAID.
Source: ESI Africa (link opens in a new window)