Headquartered in Accra, Ghana, PEG is the largest off-grid solar company in West Africa, providing solar home systems on credit to households. Using a unique financing approach, called ‘pay-as-you-go’ financing, PEG enable customers to replace their perpetual spending on poor-quality polluting fuels, such as kerosene, with solar energy that quickly becomes an asset the customer owns.
PEG work at the intersection of the most exciting trends in Africa - solar, digital finance, machine-to-machine technology - and are backed by venture capital and private equity, including a Fortune 500 company. PEG’s management team has started several companies in Ghana, and their last company was acquired by a private equity firm in New York City.
PEG benefits from partnerships with the four largest mobile network operators in Ghana (MTN, Vodafone, Airtel, and Tigo), and the two largest in Ivory Coast (Orange and MTN). To date PEG has raised more than $25 million, with investors including IP Conseil, Engie Rassembleurs d’Energies, Energy Access Ventures, Blue Haven Initiative, and Persistent Energy Capital. PEG has also won numerous awards, including the prestigious 2017 Ashden International Award for excellence in sustainable energy, and has been named as one of the “fastest growing companies in Africa” by the London Stock Exchange. PEG has 350 full time staff across Ghana and Ivory Coast, a large network of sales people, and serves tens of thousands of customers. PEG is positioned to expand across West Africa in the coming years.