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Publication - Stand-Alone Solar Businesses in Zambia: A Guide for Venture Developers and Investors
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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.
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