Off-Grid Solar Sees Small Surge in Investment
Off-grid solar companies working in developing countries landed $42 million in new investment in January, two-thirds of the total they received all last year.
“The money was disbursed in four different rounds for companies in solar lighting, solar electronics charging, and pay-as-you-go financing,” Greentech reports.
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“Beyond-the-grid enterprises are raising more and more money, but moving from social impact to real venture capital investment will require them to step up their game,” energy access entrepreneur Daniel Tomlinson wrote in a Greentech op ed last month. “That means providing seamless service levels to some of the most price-sensitive, difficult-to-reach customers on earth—akin to what people in developed countries would expect.”