Has secured 90 million in new funding to expand its pay as you go payg solar consumer financing business and consolidate its debt portfolio.
Pay as you go solar light.
Simpa earns revenue in two ways.
Pay as you go solar is a good system as we now have light inside says nyungura james ode a farmer from mantarra village in south sudan and one of the first to sign up to the project.
Some operators are creating structured finance products to cut costs and address more potential investors.
Our pay as you go metering and monitoring technology is integrated with a large and growing portfolio of best in class solar devices.
The rise of pay as you go payg systems as a method to make off grid systems accessible is one such method.
Second by selling or licensing its payment platform solution progressive payment to microgrid operators and vendors of home solar systems and other energy related solutions.
Akira partners and orrick.
Pay as you go solar companies are the start up community s proposed answer to the challenge of 1 2bn people living outside the reach of the electricity grid.
Solar system solar power system solar energy system manufacturer supplier in china offering pay as you go solar energy home lighting system cheap price mini off grid home solar power system 40w custom solar panel home light system products and so on.
There is still a long way to go but with new ideas developing all the time the path to widespread electrification is becoming easier.