Persistent announced a strategic investment in Solstroem, a carbon offset platform for off-grid solar companies, aiming to enhance energy access and carbon market participation in developing regions.

Information on the Target

Persistent has announced a strategic investment and partnership with Solstroem, a carbon offset platform tailored for off-grid solar companies aimed at accelerating energy access. Solstroem specializes in the issuance of CO2 avoidance credits derived from solar home systems and off-grid solar installations deployed by its solar partners in developing and emerging economies. This partnership not only facilitates the growth of this innovative ecosystem creator but also enhances opportunities for Persistent's partner companies and the broader off-grid solar industry.

Founded in Denmark in 2018 by Rachid Jabbar and Karim Jabbar, Solstroem has established a robust platform centered around a CO2 emission avoidance registry. This registry enables the issuance and trading of verifiable carbon offsets associated with off-grid solar installations. The company focuses on regions that demonstrate significant potential for expanding off-grid solar solutions through lease-to-own or pay-as-you-go (PAYG) business models.

Industry Overview

The off-grid solar sector is critical to addressing energy access challenges, particularly in Africa, Latin America, and Southeast Asia, where millions remain without reliable electricity. In these markets, off-grid solar solutions