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Impact Investing and the Profitability Challenge in Off-Grid Solar: Oikocredit Joins the Debate
The debate around impact investing in off-grid solar has sparked surprising passion, and now Oikocredit joins the discussion with a two-post series. In this first post, Laura de Bresser tackles the question of how (and whether) off-grid solar companies can become operationally profitable and less dependent on equity and debt.
- Categories
- Energy, Investing, Social Enterprise
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Solar Lighting in Remote Rural Areas: Oversold or Truly Illuminating?
It's common wisdom that solar lighting can make a dent in serious problems plaguing the developing world. But the underwhelming social impact measured in a recent randomized controlled trial calls that belief into question. However, research conducted by Miller Center for Social Entrepreneurship, based on in-depth interviews with solar lighting users in Tanzania, found much more positive results. Thane Kreiner and Leslie Gray of Santa Clara University explore possible reasons for the disparate findings.
- Categories
- Energy, Social Enterprise
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Social Entrepreneurs, Ignore the Mantra of Focus at Your Own Peril
When SunFarmer went through Y Combinator in 2015, its founders heard a lot of startup wisdom, including the mantra of focus. But according to co-founder Andy Moon, the Nepal-based social enterprise ignored this advice –
then struggled to sell multiple products to multiple customer segments simultaneously. Moon discusses what went wrong, and how his firm is regrouping.- Categories
- Energy, Social Enterprise
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Solar & Renewable Energy Pioneer Kingo Announces $8.0 Million Series B Financing Round
Kingo, through its innovative prepaid solar energy service, turns lives ON for off-grid households at the bottom of the economic pyramid (BoP).
- Categories
- Energy, Environment, Investing
- Region
- Latin America
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Loans for solar systems make power affordable in rural Kenya
Until recently, Njoroge’s home northwest of Kenya's capital, Nairobi, was poorly lit at night. Most people in Ndabibi are not connected to mains electricity, and rely on kerosene or small solar lamps to light their homes.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Renewable energy firm feted for providing solar-powered ‘sari-sari’ stores in nation’s rural areas
The company, a winner of the Impact Hub Fellowship (Incubation) program in April, helps and trains communities with limited resources of potable and viable water via solar-power pumps, precipitation devices and rainwater harvest.
- Categories
- Energy, Environment
- Region
- Asia Pacific
- Tags
- renewable energy, solar
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The Race to Solar-Power Africa
The spread of cell phones in the region has made it possible for residents to pay daily or weekly bills using mobile money, and now the hope is that, just as cell phones bypassed the network of telephone lines, solar panels will enable many rural consumers to bypass the electric grid. From Ghana, I travelled to Ivory Coast, and then to Tanzania, and along the way I encountered a variety of new solar ventures, most of them American-led. Some, such as Ghana’s Black Star Energy, which had electrified Daban, install solar microgrids, small-scale versions of the giant grid Americans are familiar with. Others, such as Off-Grid Electric, in Tanzania and Ivory Coast, market home-based solar systems that run on a panel installed on each individual house.
- Categories
- Energy, Environment, Technology
- Region
- Sub-Saharan Africa
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The world’s first solar-powered refugee camp
As part of its Brighter Lives for Refugees campaign, the IKEA Foundation began offering solar lamps to residents in Azraq, which became essential for everything from cooking and studying, to safe access to water and sanitation.
Yet the lamps, though essential, only illuminated the broader challenge of life without a consistent power grid.- Categories
- Energy, Environment
- Region
- North Africa & Near East
- Tags
- refugees, renewable energy, solar