Two out of three people in sub-Saharan Africa lack access to electricity.
Energy access remains a critical piece of the African development story. Some 600 million people in the region are still without access to modern forms of energy, relying instead on rudimentary fuels, such as charcoal and wood, for cooking; costly kerosene, candles and batteries for lighting; and spending significant and increasing amounts of time and money on charging devices such as cell phones.
However, given the $37 billion (in cash, not opportunity cost) that the International Finance Corporation (IFC) estimates is spent annually on meeting these basic household energy needs, there is certainly a market for better solutions.
The exciting news is that an ‘offgrid revolution’ of sorts is afoot. Companies like Mobisol, M-KOPA, Off-grid Electric, Fenix Intl and BBoxx are already connecting thousands of homes each month using rooftop solar home systems (SHS).
However, to meet the full gamut of energy needs of this growing continent, a variety of technology solutions and business models must be brought to bear across Africa. This includes the expansion of mini-grids, particularly as a means of supporting productive uses of power and greater industrialization across the continent. These too can be developed and operated by commercial enterprises.
It is clear that countries in Africa will need a combination of on- and off-grid solutions for the foreseeable future. That said, if you are interested in exploring solar opportunities in sub-Sahara Africa region, we invite you to join us on Tuesday, April 25, 2017 in Austin, Texas for the Africa Solar Luncheon, to hear first hand from business executives operating major solar projects in Africa, including U.S. Government agencies working to increase access to Power in sub-Saharan Africa.
This event is exclusive only to the following group of people:
Private Equity Investors
Credentialed press and media representatives
For additional information, please contact Daniel Dorksen at firstname.lastname@example.org
• For credentialed press and media representatives only.
• Please email contact information, title, and organization to email@example.com
In preparation of the Africa Solar Luncheon 2017, we will bring you this report with an in-depth look into all the facts & figures of the solar PV market in sub-Sahara Africa.