Africa's off-grid solar companies like D.light and Sun King are utilizing innovative financing methods like green bonds and securitized debt to attract private capital for funding. This shift towards private capital markets signals a maturation of the market for climate financing in the off-grid solar sector. Local-currency investment is on the rise, with participation from new investors and the use of improved technology like lithium-ion batteries to reduce investor risk. While these transactions are seen as a tipping point towards wider adoption, there is a challenge in ensuring that commercial returns do not deter investors from helping the poorest households.
https://apnews.com/article/grid-solar-renewable-energy-finance-king-3c32d55f597a397261f2fb56435cb085