Investors and Entrepreneurs in Africa Take Note: Price of Solar’s Dropping While Demand’s Increasing
A number of factors are combining to create a favorable environment for decentralized clean-energy systems – and strong investment opportunities – in emerging markets, according to Ankit Mishra of Premise Data. Most noteworthy, energy use in non-OECD countries is expected to rise by 71 percent through 2040, and the cost of renewable energy is projected to decline rapidly.
The entrepreneurs at Solar Sister, a social enterprise that uses networks of local women to directly sell solar lanterns in remote areas, aren't just lighting homes, they're transforming what rural Tanzanians do at home when it’s dark. Among the benefits they bring to communities they serve are more time for education, reduced health risks, increased productivity and larger household incomes.
What happens when Barefoot College, a global NGO which trains entrepreneurs in poverty-stricken rural areas, melds its expertise and values with tech innovators like Apple? It sparks the emergence of a new kind of entrepreneur who has much to teach the world, says Scot Bolsinger – along with new opportunities for rural communities to share and connect in ways never before possible.
D.light’s managing director for Africa, Jacob Okoth, said that the partnership made perfect sense for the two companies, as they target the same customer segment. Musoni works to expand financial outreach in rural areas and d.light’s mission is to continue to work towards rural electrification.
- Sub-Saharan Africa