Solar Lighting in Developing Countries Expands to $300 Million per Year Industry Dubai, UAE: 12 October, 2015 – Over 13 million off-grid quality verified solar products have been sold to date in developing countries, representing a new market worth $300 million annually. In Africa alone, sales have tripled in the last three years providing affordable, clean modern lighting for 35 million rural Africans, according to a new report to be released later this month by the World Bank Group and the Global Off-Grid Lighting Association (GOGLA), in partnership with Bloomberg New Energy Finance. The report’s findings mark a major increase in the number of people benefitting from cleaner, safer homes, with more productive study and work time, yielding economic benefits. At present, over 1 billion people live without access to basic electricity service. The progress achieved by this rapidly growing industry is important to the global development agenda, as with the UN’s recently-agreed ‘Sustainable Development Goals’ targeting universal energy access by 2030. The detailed findings of the report will be announced at the 4th International Off-Grid Lighting Conference and Exhibition in Dubai, which is co-organized by GOGLA and the World Bank Group’s Lighting Global program. Koen Peters, Executive Director of GOGLA, says: “Solar lighting in the developing world was virtually nonexistent ten years ago. In recent years, we’ve seen great innovation and development in the industry, with companies proving they can deliver real impacts. The potential to improve lives is phenomenal. Yet we’ve only just begun to address the enormous demand from households for affordable electrical services. It is critical that we build on the early successes and work with governments and donors to grow this market and achieve our goal of delivering basic electricity to every household before 2030.” Solar lighting and solar household electrification products have now evolved together with business models to deliver the products to market at unprecedented rates. As a result, many business are now providing low income households in Africa and Asia with affordable, high quality lighting, phone charging and other basic solar-powered energy services. Investment in the sector has rapidly increased, with several companies having attracted investments of over $20 million. “The solar off-grid industry is poised to be a transformative engine for economic development,” said Russell Sturm, Global Head for Energy Access at IFC, a member of the World Bank Group. “The upcoming conference in Dubai can be a game changer. It can help ensure that the full potential of this young industry is unleashed on solid grounds by engaging all the key players including the most-forward thinking minds of governments, development organizations and private sector companies.” The three day conference and accompanying exhibition on 26 – 29 October will be the largest event for the sector to date, expecting to convene over 400 delegates who will discuss how to expand the early success of this sector sustainably. They will focus on how private sector-led commercial businesses can play a key role in achieving universal electricity access. The event will bring together Nobel Prize Winner Professor Muhammad Yunus and Grant Shapps MP – UK Minister of State for International Development, who will be joined by investors, entrepreneurs, as well as business and technology leaders. Key sector challenges and opportunities will be put under the spotlight at the UAE event, including access to finance; government policies supporting market development; as well as technology and business innovation. Ends www.conference2015.gogla.org Notes to editors For further information and the full conference agenda, please visit www.conference2015.gogla.org For more details, please contact Anna Wells at a.wells@gogla.org or Darragh Cotter at d.cotter@gogla.org About the event This event is the centerpiece of the international off-grid lighting community’s efforts to chart the business-driven route to improved energy access for those lacking access to reliable, grid-based electricity. In recent years this industry has been exploding with new product innovations, improving service and affordability, and rapidly evolving business models enabling millions of people to climb the energy access ladder at unprecedented rates. The 4th of these Conferences will be held in Dubai — the hub for a new global industry serving Asian, African, and other markets. This event promises to be the largest to date, attracting a range of industry players and financial service providers. The latest Market Trends Report will be presented. Representatives ranging from manufacturers, distributors, investors, governments, donors and academia will convene to exchange lessons on the best ways to deliver energy access quickly and efficiently using business-driven models. Over forty businesses will exhibit products that transform lives by offering a cleaner, more affordable and sustainable means of lighting and powering homes. Specific sessions will further examine topics such as addressing energy challenges in humanitarian crises, measuring the impacts of investments, and using microcredit and mobile payment solutions to make products more affordable and accessible to end-users. http://conference2015.gogla.org. For further information regarding the venue and location: http://conference2015.gogla.org/?page_id=86 About GOGLA The Global Off-Grid Lighting Association (GOGLA) is a neutral, independent, not-for-profit association created to promote lighting solutions that benefit society and businesses in developing and emerging markets. GOGLA acts as the industry advocate and supports the industry in growing and strengthening the market for clean, quality off-grid lighting and electrical systems. Its main objective is to support industry in scaling the sector based on the principles of the triple bottom line, thus contributing to the objectives of Sustainable Energy for All (SE4All) and the Sustainable Development Goals (SDGs). www.gogla.org About the World Bank Group and Lighting Global The World Bank Group plays a key role in the global effort to end extreme poverty and boost shared prosperity. It consists of five institutions: the World Bank, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Working together in more than 100 countries, these institutions provide financing, advice, and other solutions that enable countries to address the most urgent challenges of development. Lighting Global is the World Bank Group’s platform to support the development of commercial markets for modern energy services for the more than 1.2 billion people in the world without access to electricity. For more information, visit www.lightingglobal.org www.conference2015.gogla.org For media inquiries, please contact: The Public Relations Company Kay Braganza kay.braganza@tprc.ae M: +971 50 7681 684 Anita Aidasani anita.aidasani@tprc.ae M: +971 55 957 4860 www.conference2015.gogla.org