Solar energy systems

Solar energy systems

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Solar energy systems
Solar energy systems
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Provide off-grid or mini-grid solar energy systems to rural communities.

Expected Impact

Contribute to access to electricity in Kenya (especially in rural areas) and reduce carbon emissions.

How is this information gathered?
Updated: 8 Jul, 2021 Date of Production: 1 Feb, 2021
Kenya
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< USD 50 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Sustainable Cities and Communities (SDG 11)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Reduced Inequalities (SDG 10) Climate Action (SDG 13)

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Sector Sources
  • 1) Kenya National Bureau of Statistics (2020). Kenya Economic Survey 2020. https://www.knbs.or.ke/?wpdmpro=economic-survey-2020 2) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press. 3) US Agency for International Aid (2019). Off-Grid Solar Market Assessment - Kenya. Power Africa Off-grid Project. 4) Republic of Kenya (2018). Third Medium Term Plan 2018 – 2022 Transforming Lives: Advancing Socio-economic Development Through The 'Big Four'. 5) National Treasury and Planning State Department for Planning (2020). Second voluntary national review on the implementation of the sustainable development goals - Kenya. 6) World Access to Modern Energy (2018). Minigrids Investment Report: Scaling The Nigerian Market. 7) Ministry of Energy (2018). Kenya National Electrification Strategy: Key Highlights. http://pubdocs.worldbank.org/en/413001554284496731/Kenya-National-Electrification-Strategy-KNES-Key-Highlights-2018.pdf 8) M-KOPA. Our Impact. http://solar.m-kopa.com/about/our-impact/
IOA Sources
  • 9) PwC analysis based on Prof. A. Damodaran data, 2020. 10) Samoita, D., Nzila, C. and Østergaard, P. (2020). 'Barriers And Solutions For Increasing The Integration Of Solar Photovoltaic In Kenya’s Electricity Mix', Energies. https://www.mdpi.com/1996-1073/13/20/5502/pdf 11) Mahajan, B. (2012). 'Negative Environment Impact Of Solar Energy', Energy Policy. https://www.researchgate.net/publication/233952943_Negative_environmental_impacts_of_Solar_Energy 12) Davis & Shirtliff (2020). Standard Chartered Bank unveils Kenya’s first sustainable finance package - press release. https://davisandshirtliff.com/news-and-press-at-davis-and-shirtliff/483-davis-shirtliff-standard-chartered-bank-unveils-kenya-s-first-sustainable-finance-package 13) Kenya Bureau of National Statistics (2019). Gross County Product 2019. 14) African Development Bank (2019). Kenya: Bank Group Country Strategy Paper 2019-2023 and Country Portfolio Performance Review. 15) Kenya Bureau of National Statistics (2014). Kenya 2014 Demographics and Health Survey key findings. https://www.dhsprogram.com/pubs/pdf/sr227/sr227.pdf 16) SDG Tracker (2021). End poverty in all its forms everywhere. https://sdg-tracker.org/no-poverty