A report on the off-grid solar market has revealed that there has been a 7% drop in off-grid solar and home system product sales worldwide yet the market remains “buoyant”.
Africa cannot wait for the development of electricity infrastructure and should exploit more quickly deployable solutions such as solar PV, according to a report by Kofi Annan’s Africa Progress Panel.
More than half of the 4 million solar products sold by member companies in the Global Off-grid Lighting Association (GOGLA) in the second half of 2015 were in Sub-Saharan Africa, the association has reported.
Abu Dhabi’s renewable energy firm Masdar has launched four utility-scale clean energy projects as well as thousands of residential solar systems in remote areas across Egypt.
Off Grid Electric, a company specialising in providing electrification to rural communities, has created a US$45 million investment vehicle, bringing its total investment raised this year to US$70 million.
