Investment and Finance Study for Off-Grid Lighting Launched in Zurich

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Investment and Finance Study for Off-Grid Lighting Launched in Zurich

At the first investor conference of its kind, the Global Off-Grid Lighting Association (GOGLA) launched the Investment and Finance Study for Off-Grid Lighting on July 7, 2014 at Credit Suisse’s St. Peter Forum in Zurich.The study reviews the market for solar off-grid lighting products and concludes that improved financing can promote industry growth. The study was prepared in collaboration with A.T. Kearney, sponsored by the GIZ and supported by Quadia, Solar Energy Foundation, and SolarAid. P1050181 (3)While the market is growing, improved financing of the industry’s relatively high working capital could help it grow faster. There are already several established solutions for meeting this financing need; however, none of them are considered best practices and there remains room for more innovative solutions. The study comes to the conclusion that each investor group can play its role in the effort to grow the industry in a win-win way. From angel and philanthropic investors to established banks and private equity, the industry has the potential to offer attractive returns. Evidence for this conclusion was presented to more than 75 attendees at the launch of the study during the “Off-Grid Energy Access Investor Conference – Creating Impact in a US$ 50 Billion Future Market”. GOGLA and its partners were delighted to welcome more than 50 representatives from a diverse range of investment companies and organizations including impact investors, development banks, and commercial investors. All of them were interested in exploring the opportunities P1050317 (2)offered by the off-grid lighting market and meeting leading industry representatives. In a combination of presentation and panel discussions, investors and the industry entered into a dialogue on the different barriers for attracting and providing sufficient investment for the off-gird lighting companies to scale up.The speakers, the panel and attendees actively participated in the discussion, which brought up several important questions regarding types and sources of financing, the size of the market and the different business models adopted by the companies. Overall, the conference highlighted the need for a coordinated dialogue between companies and investors. Both sides agreed on the benefits of such an event in terms of networking and information sharing. An ongoing exchange and cooperation between the investment sector and the industry is of utmost importance in order to help the off-grid lighting sector achieve its full potential. GOGLA would like to thank all cooperation partners, speakers, panelists and participants for turning the event into a great success and is looking forward to continue working as a facilitator for dialogue between the investment sector and the industry. A copy of the study can be accessed here. Additional information on the conference is available here. For further questions, please contact Ms. Johanna Diecker, at j.diecker@gogla.org.

GOGLA
AT Kearney
SolarAid
GIZ
Quadia
Solar Energy Foundation
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