STM Solar Technologies Manufacturing
Offering solar power solutions for rural Ethiopian households
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.
STM Solar Technologies Manufacturing SC is the assembling company working in Ethiopia.
SunTransfer GmbH is the major shareholder of the initiative. The German company offers guidance in financial, business and management matters.
Sun Transfer Tech PLC is the enterprise’s local distribution partner.
The 2015 SEED Awards in Ethiopia, Tanzania, Uganda and Kenya are largely supported by the European Union, which is made up of 28 Member States who have decided to gradually link together their know-how, resources and destinies.