A bump in the road for PAYG and self-sustainability
Two high-profile bankruptcies this year could serve as a warning for the potential pitfalls of the pay-as-you-go (PAYG) solar segment. However, Marcus Wiemann and David Lecoque of the Alliance for Rural Electrification say that PAYG business models can lead to long-term success, and they have a key role to play in providing power to the 1 billion people throughout the world who still live without electricity.
Despite recent insolvency declarations from Mobisol and Solarkiosk, the pay-as-you-go solar segment has attracted interest from major corporate investors and is expected to play a key role in rural electrification throughout the world.
Image: Mobisol
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