Publication - Stand-Alone Solar Businesses in Zambia: A Guide for Venture Developers and Investors
The key takeaways are as follows:
» Given a national electrification rate of 28% and more than 2 million off-grid households, there is a tremendous market opportunity for off-grid solar solutions. The market opportunity is estimated at more than EUR 210 million per annum.
» The commercialization of off-grid solar solutions follows light-handed regulation, as Solar Portable Lights (SPLs) and Solar Home Systems (SHSs) are treated as consumer goods.
» Public finance is prioritizing growth in Zambia’s Off-Grid Solar (OGS) sector, catalysing the development of existing ventures and new market entrants.» Incoming developers and investors should be prepared to adapt business models to accommodate low population densities, an underdeveloped mobile money ecosystem, a developing regulatory regime, and a rapidly changing competitive landscape.