$1.5 Billion Microgrid Market Opportunity Emerges in Kenya
Tuesday, September 5, 2017
A confluence of innovation, risk taking, and public and private effort has created a five-year, $1.5 billion microgrid market opportunity in Kenya, leading Germany’s TFE Consulting to dub the East African nation, “The World’s Microgrid Lab.”
International startups are deploying innovative mobile ‘pay as you go’ (Pay-Go), home solar, and microgrids in off-grid rural areas across the East African nation and far beyond. Their work is backed by development agencies, regional governments, non-government organizations (NGOs), venture capitalists and corporations.
It’s still early to know, but the rapid development of zero- or low-emissions microgrids and distributed energy could prove to be the linchpin of an emerging new model for environmentally friendly energy and socioeconomic development.
“Globally, microgrids for electrification have a market potential of $400 billion,” says the report, “Kenya: The World’s Microgrid Lab.”
Photo courtesy of Morgana Wingard.
Source: Microgrid News (link opens in a new window)