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Mastercard Pilots 'Pay As You Go' Program For Solar Energy In Africa

By Brian Spaen

There’s a lot of untapped potential when it comes to solar energy in Africa. Solutions have come to the continent on a small and rural scale, but it remains very expensive to implement. Mastercard is teaming up with a solar energy company to help the population pay for solar generation based on consumption.

Africa receives the most amount of sunshine than any other continent on Earth. Most of that is beamed at the Sahara Desert, but there’s still a number of African countries south of the desert that can utilize the sunlight. At the same time, over 600 million people don’t have access to electricity.

M-Kopa Solar, a Kenyan energy company that focuses on bringing electricity to everyone, has already rolled out a “pay-as-you-go” plan in East Africa for a trial run. This prevents the need for people to pay for large solar energy costs immediately and instead make small daily payments on their account.