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STM Solar Technologies Manufacturing

STM Solar Technologies Manufacturing

STM Solar Technologies Manufacturing is the first private Ethiopian company to offer solar lamps and solar home systems to rural households in the country. To facilitate the acquisition of their products, the enterprise sells them in local currency and offers micro-finance credit. Households have access to a more affordable energy source and more lighting hours, while suffering less health risks and environmental impacts.

The initiative supplies rural households in Ethiopia with a variety of solar home systems and solar lamps. STM Solar Technologies Manufacturing sells their products in Ethiopian Birr to facilitate purchases, and also offer micro-finance credit for households that cannot afford to make a full payment for the products upfront.

After acquiring a solar system, families are trained in how to use them and on the importance of using renewable energy. The enterprise also offers repair services when needed.

STM Solar Technologies Manufacturing is the first private Ethiopian company to offer solar lamps and solar home systems to rural households in the country. To facilitate the acquisition of their products, the enterprise sells them in local currency and offers micro-finance credit. Households have access to a more affordable energy source and more lighting hours, while suffering less health risks and environmental impacts.

  • Expand sales to other countries in East Africa.
  • Enlarge number of training sessions to in-house technicians.
  • Raise number of employees to 60 people in the assembling, administration and sales departments over the next two years.
  • Work to achieve the sales of 240,000 lanterns and 155,000 solar systems within three years and increase assembling capacity to 300,000 lanterns and 100,000 solar home systems per year.

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