Renewable Energy

Latest News

SOBA’s Renewable Energy team created a series of sector snapshots to give you an overview of what is happening in key areas of the market. Visit the resource page to see all the snapshots.

Results to date

Strong policy and GoSL engagement results in key, early improvements.

  • Sierra Leone Energy Revolution Conference & UK Energy Access Compact Signed
  • Public-Private Roundtables facilitate dialogue and early action: 2016 Finance Bill ushers in key changes: duty-free import, aligned to IEC global standard, port green lane, and bold GoSL off-grid access targets

Private sector advocacy organized and active, facilitating critical enabling environment changes.

  • REASL: Renewable Energy Association of Sierra Leone established and highly active. SOBA partner and collaborator toward operationalizing 3 core activities: waiver, streamlined registration, and financing
  • MoE Task Force & Mini-Grid Working Group

SOBA partners with four major Sierra Leone SHS distributors

  • 1) Easy Solar/Greenlight Planet (Investment Phase 1)
  • 2) BBOXX (Investment Phase 1)
  • 3) Energy Efficient Solutions/d.light (Pre-Investment)
  • 4) Solar Era/Fosera (Pre-Investment)
  • Additional pre-investment engagements with Teleficient (Azuri) and WAO launched

Market research: analysis completed, financial research updated, and consumer market assessment underway

  • Define route-to-market strategies, including distribution and marketing mechanisms
  • Outline PAYGO, product lending, and investment opportunities and partnerships

 

Strategy

Distribution Route to market and distribution strategy development and pilots

•Pilot: upselling as key growth strategy

•Pilot: leveraging shared channels with controlled payment (cocoa trade networks)

Marketing •Market research to breakdown consumer segments and devise best-fit marketing/route to market strategies

Marketing and consumer awareness activity to stimulate interest and demand

Finance Consumer finance options: PAYG, product lending, and other credit solutions that facilitate consumer uptake

•Working capital options: trade finance, investment

Investment Preparedness: financial and business management development and toward investment preparedness

Policy •Enacting and operationalizing clear, transparent and efficient processes for registration, duty free waivers, and IEC standard alignment

•REASL and other membership bodies emerge as advocacy leaders that facilitate improved policy and RE operating environment for private sector ongoing