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OFF-­GRID  SOLAR  MARKET  TRENDS  REPORT  2016     Published  by  Bloomberg  New  Energy  Finance  and  Lighting  Global,  an  innovation  of  the  World  Bank  Group   In  cooperation  with  Global  Off-­Grid  Lighting  Association   ACKNOWLEDGMENTS     This  report  was  commissioned  by  Lighting  Global,  a  joint  initiative  of  IFC  and  the  World  Bank.  It   was  produced  by  Lighting  Global  and  Bloomberg  New  Energy  Finance  in  partnership  with  the   Global  Off-­Grid  Lighting  Association.   The  Market  Trends  Report  is  the  third  in  a  series  to  provide  a  snapshot  of  the  off-­grid  lighting   market,  industry-­level  data  and  analysis  on  key  trends.  It  relies  on  the  inputs  of  a  broad  range  of   industry  experts,  manufacturers,  distributors,  scientists,  investors,  market  researchers  and  NGO   leaders  worldwide  who  contributed  their  views,  time  and  advice  to  the  preparation  of  this   document.  Thank  you.   We  welcome  your  feedback  and  support  in  this  effort  and  encourage  you  to  reach  out  to  the   Lighting  Global  team  with  your  questions  and  feedback  through  www.lightingglobal.org  or  by   emailing  us  on  info@lightingglobal.org.       International  Finance  Corporation  (IFC)   Russell  Sturm   Arthur  Itotia  Njagi   Leo  Blyth   Naomi  Bruck   Ahmad  Slaibi   Peter  Alstone  (Lighting  Global  Quality  Assurance,  Consultant)   Arne  E.  Jacobson  (Lighting  Global  Quality  Assurance,  Schatz  Energy  Research  Center)   World  Bank   Dan  Murphy   Raihan  Elahi   Jenny  Hasselsten   Micah  George  Melnyk     Koen  Peters   Eduardo  Appleyard       Lead  authors   Itamar  Orlandi,  CFA   Nico  Tyabji   Jenny  Chase     Contributors   Michael  Wilshire   Ben  Vickers         !""#$%&'()!*+%(,+%-./(/%.0')(%.1!%/(2345( ! 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OFF-­GRID  SOLAR  MARKET  TRENDS  REPORT  2016     Published  by  Bloomberg  New  Energy  Finance  and  Lighting  Global,  an  innovation  of  the  World  Bank  Group   In  cooperation  with  Global  Off-­Grid  Lighting  Association   to  consumers,  who  are  usually  cash-­strapped  and  highly  price  sensitive.  Reducing  the  tariffs   can,  in  a  competitive  environment,  cut  retail  prices  by  more  than  a  quarter.  Preliminary   findings  from  field  research  show  that  a  retail  price  drop  from  $7  to  $4  per  unit  almost  doubled   uptake  in  a  sample  of  200  households  in  Kenya,  highlighting  the  potential  impact  of  reduced   77 taxation.     •   High-­efficiency  DC  appliances  are  likely  to  emerge  in  more  markets  and  become  important   78 demand  drivers.  Dalberg  projects  the  market  potential  at  $4.7  billion  by  2020  –  50  percent   larger  than  the  market  for  off-­grid  solar  kits.  It  is  possible  that  TVs,  fans  and  even  tablets  with   internet  connectivity  will  become  anchor  appliances  for  solar  home  systems.  Consumers  will   purchase  solar  systems  to  power  their  device  of  choice,  rather  than  incrementally  climbing  up   the  energy  ladder  from  basic  lighting  to  advanced  appliances.  Anecdotally,  demand  for  such   appliances  is  large  and  largely  suppressed  as  they  are  difficult  to  power.  The  emergence  of  a   broader  universe  of  high  efficiency  DC  appliances,  potentially  also  backed  by  household   names  with  strong  brands,  is  likely  to  create  a  positive  feedback  cycle  with  the  solar  home   system  industry.   Additional  variables  we  ranked  are  unlikely  to  be  primary  gamechangers,  either  because  they  are   likely  to  have  only  a  limited  impact  or  because  their  future  trajectory  is  better  understood.     Technology  cost  reductions,  for  instance,  have  both  a  relatively  well  charted  trajectory  and  are   increasingly  making  up  a  small  part  of  the  retail  price,  compared  with  distribution  and  financing   costs.  Policy  interventions  such  as  grid  expansion,  financial  regulation  of  PAYG  businesses  or   tapping  the  carbon  market  are  also  expected  to  be  either  sufficiently  clear  that  they  will  not  impact   business  in  the  foreseeable  future  or  are  unlikely  to  have  a  significant  impact.     Figure  87:  Impact  and  uncertainty  matrix  for  off-­grid  solar  market  variables  (subjective  ranking  by  authors)   High(uncertainty Governments) embracing)off=grid New)entrants)(corporate) Financial)and)energy) market)regulation)of) Catalytic)interventions PAYG Awareness)of) Governments) product)category Battery)costs slowing)off=grid Grants DC)appliances New)entrants)(start= Angel)capital Consumer) Low( ups) finance High( impact Assembly)and) VAT)/) impact packaging)costs import) tariffs Proven)investor) returns HR)talent PV)costs Working)capital Trust)in)quality Black)carbon)is) recognised)for) Grid)expansion emission)offsets Low(uncertainty Finance Market)participants Customer=driven Policy)and)regulation Technology   Source:  Bloomberg  New  Energy  Finance                                                                                                                             77  SolarAid,  ETH  Zürich,  forthcoming.   78  Global  LEAP,  Dalberg,  “Global  LEAP  Off-­Grid  Appliance  Market  Research:  Final  Report”,  forthcoming.         Page  85  of  94         !""#$%&'()!*+%(,+%-./(/%.0')(%.1!%/(2345( ! 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A49)/469&-46%!5&4647)!H-/@-/69&-4!&'!64!&49)/469&-46%!-/064&S69&-4!)'96$%&'()*!$+!D/9&7%)'!-=! D0/)).)49!6.-40!&9'!.).$)/!7-#49/&)';!64*!6!.).$)/!-=!9()!>-/%*!,64?!:/-#@F!!D%%!46.)';! %-0-'!64*!9/6*).6/?'!6/)!9()!@/-@)/9+!-=!A5H!64*!+-#!.6+!4-9!#')!64+!-=!'#7(!.69)/&6%'!=-/!64+! @#/@-')!2&9(-#9!9()!)J@/)''!2/&99)4!7-4')49!-=!A5HF!!!!D**&9&-46%%+;!sA49)/469&-46%!5&4647)! H-/@-/69&-4q!64*!sA5Hq!6/)!/)0&'9)/)*!9/6*).6/?'!-=!A5H!64*!6/)!@/-9)79)*!#4*)/!&49)/469&-46%! %62F! ! ! ! ! ! "60)!gf!-=!fV! ! ! ! OFF-­GRID  SOLAR  MARKET  TRENDS  REPORT  2016     Published  by  Bloomberg  New  Energy  Finance  and  Lighting  Global,  an  innovation  of  the  World  Bank  Group   In  cooperation  with  Global  Off-­Grid  Lighting  Association   APPENDIX   LIGHTING  GLOBAL   QUALITY  VERIFIED  PRODUCTS       SOLAR HOME SYSTEM KITS PICO SOLAR PRODUCTS FOSERA GROUP ANJI DASOL SOLAR ENERGY LSHS 9800+Lamps+Panel SCIENCE & TECHNOLOGY CO. SSL200 MOBISOL AZURI TECHNOLOGIES LTD. Mobisol Family SHS 19” TV Indigo Duo Solar Home System OMNIVOLTAIC POWER CO. LTD. BAREFOOT POWER LTD. OvCamp HS1-144_LB2244 Barefoot Firefly/ GO 250/GO 255 Firefly Mobile OvCamp Solar Home System Connect 600 D.LIGHT DESIGN SOLARWORKS! A1 S20 Solar Home System D20 S100 ZIMPERTEC Litio Solar Home System Kit S2 S300       Page  90  of  94         OFF-­GRID  SOLAR  MARKET  TRENDS  REPORT  2016     Published  by  Bloomberg  New  Energy  Finance  and  Lighting  Global,  an  innovation  of  the  World  Bank  Group   In  cooperation  with  Global  Off-­Grid  Lighting  Association   PICO SOLAR PRODUCTS (continued)   FOSERA GROUP   GS YUASA INTERNATIONAL LTD. Pico Solar Home System   AKARi   Family – PSHS 2800, PSHS 7000 and others FREEPLAY ENERGY Mini Moshi-Moshi Solar Energy Centre INDIA IMPEX SUNLITE FUTURA JS30-MOB Energy Station Plus GREENLIGHT PLANET INC JUA ENERGY Sun King Home Eco Sun King Pro 2 Home Mate M-KOPA SOLAR Sun King Home Plus Sun King Pro All Night M-KOPA 3 MIBAWA SUPPLIERS LTD. Mibawa Solarpack 3 Sun King Home Sun King Solo MICROMARK Compact LED Solar Light Sun King Mobile       Page  91  of  94         OFF-­GRID  SOLAR  MARKET  TRENDS  REPORT  2016     Published  by  Bloomberg  New  Energy  Finance  and  Lighting  Global,  an  innovation  of  the  World  Bank  Group   In  cooperation  with  Global  Off-­Grid  Lighting  Association   PICO SOLAR PRODUCTS (continued)   NIWA NEXT ENERGY PRODUCTS LTD. ORB ENERGY Home Run 400 X3 Multi 300 XL Solectric 10 Solectric 15 MSS-Modular Office 200 X2 Solar Systems (Family) Solectric 30 Multi 100 Plus Uno 50 PANASONIC CORPORATION Solar Lantern NURU ENERGY NL3-800 NL3-1000/Laerdal Light RENEWIT SOLAR LIMITED Solarway G1 Solar Power Lantern/ OFF-GRID SOLUTIONS B.V. Solarway G1 Lantern WakaWaka Solar Homework Light OMNIVOLTAIC POWER CO. LTD. MB2-090 MB2-380 SCHNEIDER ELECTRIC Mobiya TS120S/Awango TS120 MB2-200 OvCamp HS1-36_LB1122 MB2-290 OvPilot X Page  92  of  94   !""#$%&'()!*+%(,+%-./(/%.0')(%.1!%/(2345( ! "#$%&'()*!$+!,%--.$)/0!1)2!34)/0+!5&4647)!64*!8&0(9&40!:%-$6%;!64!&44-<69&-4!-=!9()!>-/%*!,64?!:/-#@! A4!7--@)/69&-4!2&9(!:%-$6%!B==C:/&*!8&0(9&40!D''-7&69&-4! ! PICO SOLAR PRODUCTS (continued) SINOWARE TECHNOLOGY CO. LIMITED Solar Lamp SOLARLAND (WUXI) ELECTRONIC POWER TECHNOLOGY LTD. Solar Power Pack 5.0 SOLARWORKS! Solar Kit Lithium ZHEJIANG HOLLEY Solar Lantern Find out more about quality verified products at www.lightingglobal.org/products/ Product list current as of February 2016 ! ! ! "60)!fe!-=!fV! ! ! ! In partnership with Lighting Global Bloomberg New Energy Finance An Innovation of the World Bank Group 39-45 Finsbury Square www.lightingglobal.org City Gate House, London EC2A 1PQ The World Bank United Kingdom 1818 H Street, NW www.bnef.com Washington, DC 20433 USA www.worldbank.org Global Off-Grid Lighting Association (GOGLA) Nieuwekade 9 IFC 3511 RV Utrecht 2121 Pennsylvania Avenue, NW The Netherlands Washington, DC 20433 USA www.gogla.org www.ifc.org