Off-grid Solar Energy Serving 420 Million Users
Off-grid Solar (OGS)
- growing by 30% per year
- $1.75 billion in annual turnover in 2019
Benefits of OGS
- considered one of the most widely accessible and affordable renewable energy sources
- an option for the 800 million+ people without access to clean and affordable energy
Obstacles for OGS
- must meet or exceed an annual growth rate of 13% to serve a projected 823 million users by 2030
- needs $11 billion in finance to bridge the affordability gap
- a need for enabling policies
- decrease in over-regulation are necessary to expand accessibility
Sustainability Times | Off-grid solar is now available to 420 million people