Financial, operational, and portfolio quality indicators for the pay-as-you-go (PAYGo) solar industry.

Oliver Reynolds
Oliver Reynolds Senior Manager, Market Insights and Data
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The PAYGo Performance, Reporting and Measurement (PERFORM) framework offers the PAYGo solar industry a standardized and transparent set of key performance indicators (KPIs). By adopting the KPIs, companies can track, benchmark, and improve performance while presenting a more accessible profile to investors, stimulating capital investment.

Developed by CGAPGOGLA, and IFC Lighting Global in consultation with 600 investors, PAYGo executives, and experts in energy and financial inclusion, the PAYGo PERFORM KPIs are designed to meet the needs of companies and investors. All PAYGo solar companies are encouraged to adopt the KPIs and work toward making them the industry standard.

To learn more or for help with the KPIs, please reach out to us at:

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PAYGo PERFORM KPIs: Definitons at a Glance

Get a quick look at the PAYGo PERFORM KPI definitions and calculations in these summary tables.


PAYGo PERFORM KPIs Technical Guide

Learn about the PAYGo PERFORM KPIs in more detail and see practical guidance on how to use them.



The PAYGo PERFORM Excel tool allows users to fill out basic building blocks and calculate their results for the KPIs. It also includes guiding definitions for each building block.

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PAYGo Accounting Brief

Review of accounting practices in the PAYGo sector.