Global Off Grid Lighting Association
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Global Off-Grid Lighting Association (GOGLA) is the independent, not-for-profit industry association for the off-grid energy sector.
What is our funding objective?
GOGLA promotes responsible business in the off-grid solar industry. The funding provided will enable GOGLA to expand the value and influence of their work on financial transparency and consumer protection and supports the development of setting the industry standards on other topics such as e-waste.
Why do we fund this investment?
This project supports the development of more responsible practices in the off-grid energy sector. Off-grid companies offer a strong value proposition to customers and the sector is delivering significant and measurable social, economic and environmental impacts. However, as the industry seeks to build and expand, it is key to ensure that growth objectives remain fully aligned with consumer interests and the environmental impact the off-grid sector has. This is in line with FMO’s objectives to be a leading responsible investor in this sector.
More investments
| Date | Total FMO financing |
|---|---|
| 12/13/2022 | EUR 0.30 MLN |
| 12/19/2022 | EUR 0.15 MLN |
| 7/8/2019 | EUR 0.06 MLN |
- Country
- Global
- Sector
- Energy
- Publication date
- 12/28/2022
- Effective date
- 12/13/2022
- Total FMO financing
- EUR 0.10 MLN
- Funding
- AEF-I