Simpa Networks Gets Renewable Energy OPIC Impact Award

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Simpa Networks Gets Renewable Energy OPIC Impact Award

The energy-poor tend to be among the poorest people in their countries and cannot afford the high upfront costs of a quality solar solution. About 400 million people in India live in remote villages and don’t have access to an electricity grid. Millions more have only very limited access to electricity. Although distributed solar based solutions are available, high up front costs keep them out of reach from many who have limited income and cannot obtain bank financing. Realising this “opportunity”, a number of players have taken to “solar as a service” model. However inexperience in rural markets, supply chain issues, timely collection of payments, and providing quick maintenance has been too much to handle for many of these companies. For this reason the Seattle based start-up Simpa Networks decided to spend a lot of time honing their solar-a-a-service model for energy-poor households and micro-enterprises, before jumping in to the scale up phase. Learn more...

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