New Reporting Standards Could Energize the Off-Grid Solar Industry

Washington, D.C., July 14, 2021 — CGAP, GOGLA, and IFC/Lighting Global today launched the PAYGo Performance, Reporting and Measurement (PAYGo PERFORM) financial reporting framework for the pay-as-you-go (PAYGo) solar industry. Developed through an industry-led process involving roughly 600 stakeholders, the framework represents a significant step toward helping this promising young industry improve performance, present an accessible profile to investors, and attract the capital it needs to lift millions of people out of energy poverty.

The PAYGo PERFORM framework includes a set of 36 key performance indicators (KPIs) that stand to enable the PAYGo industry to clearly communicate financial performance, operational performance, and portfolio quality to investors.