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The Democratic Republic of Congo (DRC) offers a compelling opportunity for investment in off-grid solar, a new market review signals.
Germany's SINN Power has developed a floating ocean hybrid platform it says can be used “as a complete off-grid energy solution,” generating renewable energy from waves, wind and the sun.
The World Bank Group and the Cambridge Centre for Alternative Finance (CCAF), have pub-ished a joint report that examining a range of financing solutions for delivering off-grid solar electricity to more than 840 million people still living without access to reliable power.
Perhaps more than in any other global region, Sub-Saharan Africa’s economic development remains tied to sustained growth in the power sector. The anticipated economic gains of the 2020s will depend in large part on bringing electricity to over 600 million people in the region that currently lack it, writes Steve Chakerian, a senior analyst at smart infrastructure market intelligence firm Northeast Group.
The Bangladeshi government is bidding for more partners to take part in its “Taka” programme, which aims to bring renewable household electricity, street lighting and cooking stoves to every off-grid community in the country.
ENGIE Africa has announced that it has connected 4 million customers in Africa owing to its operations in the off-grid energy sector in the region.
One in two people in Africa still lacks access to the grid, representing a potential $24 billion market per year for off-grid solar systems.