Rain Sensors (IFC-601838)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 21, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.13 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 27, 2019

Disclosed by Bank Feb 13, 2019


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Project Description

The objective of this proposed Research & Development (R&D) is to test and ultimately implement a practical & cost effective way to integrate rain-sensors, to measure rainfall/precipitation, currently available in the market to the roof-top solar energy panel systems that are being rolled out in many countries and regions globally including the Lighting Africa project (LA project).

With this enhanced rainfall data, we can address one of the prevailing challenges identified by the financial and insurance market in fostering and enhancing the development of sustainable parametric (weather index) insurance products through the provision of this required data.

The proposed R&D would benefit from the established infrastructure of the LA project by enhancing this systems monitoring capability with sensors to monitor and capture rainfall data (in addition to the radiation and temperature data already being collected on a real time basis).

To achieve this objective the project structured into 2 phases:

Phase 1: Technical development of Monitoring devices connected to the solar panels
Traditional rain gauges are expensive and due to their design not fraud free. It is therefore interesting to develop a simple rain monitoring system that is less fraud prone and can be incorporated into PV modules.

To develop the rainfall sensor system on PV modules, the project (R&D) will test the different available sensors and install them on a test PV panel, and compared with measurements achieved using a standard rain-gauge. This will enable the project to correlate the new measurement system with standard systems in order to assess the quality of data that can be obtained.

Phase 2: Business model and Data dissemination

  1. larger pilot test roll out in multiple locations & countries;
  2. developing a business plan for commercialization of Rain Sensors to be installed with PV Panels;
  3. formalizing a partnership with the LA project and its suppliers (of PV Solar Panels) for installation of Rain Sensors;
  4. finalizing the data collection and data sharing protocols in consultation with the LA Project, which is currently collecting data on temperature and radiation from sensors installed on the PV Solar panels;
  5. Develop a portal dedicated for weather (rainfall and temperature) data sharing.
Investment Description
  • International Finance Corporation (IFC)
Contact Information

*Contact information not provided at the time of disclosure*

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