In the energy access space it is well-known that there are around 770Mn people living without access to electricity worldwide, and that number is used constantly.
You are an entrepreneur. You have a great idea for a Pay-As-You-Go (PAYG) product and hardware, but no idea about the fastest way to get it PAYG-ready.
The concept of a D-REC sounds simple. It’s a certificate verifying one megawatt-hour (MWh) of electricity generated from a small-scale (distributed) renewable source.
Mini-grids are a major component of the energy access solutions, but for reasons ranging from basic unit economics to the readiness of national policy, they remain challenging investments.
For customers with low and irregular incomes, PAYGO offers a convenient financing solution that has been critical to increasing access to products that would otherwise be unaffordable.