GLOBAL OFF-GRID LIGHTING ASSOCIATION
Status: Completed 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 an independent, not-for-profit industry association, which acts as an industry enabler and an advocate for the off-grid energy sector. Its vision for the off-grid lighting and electrification sector is to help deliver the universal entry-level electrification well ahead of 2030. It strengthens the market for clean, high-quality off-grid lighting and electrical systems for households, MSMEs and communities in developing countries. GOGLA comprises over 130 members from all over the world.
What is our funding objective?
GOGLA will coordinate the development and implementation of a Code of Conduct (CoC) on Consumer Protection for off-grid energy companies. This CoC will be developed in collaboration with off-grid energy companies and investors. The ambition is to create a framework that becomes the de facto industry standard for consumer protection, that is used by off-grid solar businesses, investors, DFIs and other stakeholders. Ultimately, off-grid solar customers should benefit with increased access to quality products, better protection of their rights and less exposure to risk.
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 its early successes, some stakeholders are concerned to ensure that growth objectives remain fully aligned with consumer interests. To retain the full confidence of customers, investors, governments and other stakeholders, it will be increasingly important for off-grid businesses to demonstrate that they protect consumer rights. This is in line with FMO’s and MASSIF’s objectives to be a leading responsible investor in this sector.
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| Date | Total FMO financing |
|---|---|
| 12/13/2022 | EUR 0.10 MLN |
| 12/13/2022 | EUR 0.30 MLN |
| 12/19/2022 | EUR 0.15 MLN |
- Country
- Global
- Sector
- Energy
- Effective date
- 9/7/2018
- End date
- 7/8/2019
- Total FMO financing
- EUR 0.06 MLN
- Funding
- AEF-I