March 13

Off-Grid Energy Investment at $2.1 Billion in the Last Decade: Wood Mackenzie

By Debjoy Sengupta

Close to $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019, Wood Mackenzie has estimated.

Off-grid refers to power generated and consumed locally either on a standalone basis or through a mini-grid.

Wood Mackenzie estimates 420 million people now use standalone off-grid solar and another 47 million people rely on mini-grids for access to electricity.

Photo courtesy of Marufish.

Source: Economic Times (link opens in a new window)

energy access, off-grid energy