Results-Based Financing (RBF) is increasingly seen as a useful instrument to de-risk commercial investment and stimulate private sector engagement for the delivery of results in challenging markets. Successfully tested and fine-tuned in the distributed renewable energy (DRE) sector since 2014 in several countries, RBF mechanisms are now ready for replication and further scaling. To ensure efficiencies in implementing larger RBF initiatives, remote management of multi-country initiatives is tempting. However, this might lead to excluding local players and potentially distorting local market dynamics. This is a call for a balanced approach, with local embedding of RBF and investment facilities to ensure inclusion of local companies, buy-in at a national level, and – ultimately- systems change to ensure longer-term sustainability.