GOGLA: Second quarter of 2015 saw 4 million solar products sold to emerging markets

Facebook
Twitter
LinkedIn
Reddit
Email
The report was prepared in conjunction with Lighting Global, the World Bank Group’s platform  supporting sustainable growth of the international  off-grid solar market. Image: Off Grid Electric.

More than half of the 4 million solar products sold by member companies in the Global Off-grid Lighting Association (GOGLA) in the second half of 2015 were in Sub-Saharan Africa, the association has reported.

GOGLA has compiled data for the six month period from July to December on sales, revenues and market segmentation from 31 companies including Azuri, BBOXX, Off-Grid Electric, Panasonic, Solar Aid’s Sunny Money campaign and Solar Kiosk.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The association found that the companies sold 4,088,321 solar products, with more than 2.2 million (54%) going to Sub-Saharan Africa and just under 40% (1.6 million) going to South Asia. GOGLA noted however that revenues were only 25% higher in Africa at US$59 million than South Asia’s US$47 million due to the fact that a higher proportion of goods sold in Africa were cheaper, entry level products.

Those entry level products have only a capacity of up to 1.5Wp and accounted for more than 2 million products sold but raised only US$25.3 million in revenues, whereas by contrast 1.5-3Wp systems accounted for 39% of sales and 58.7% of total cash sales revenues (US$69.3 million).

Total revenues reported for the six-month period stood at US$136.5 million between the 31 companies. Since the data only represents the activities of GOGLA members, it is an incomplete picture of the market, but several are significant players within it. Off-Grid Electric, for instance, attracted US$70 million during 2015 in investment. In February, French power giant Total became an investor in the company through its Total Energy Ventures (TEV) venture capital fund.

The GOGLA report was prepared in association with World Bank Group offshoot Lighting Global and management consultancy Berenschot.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA