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07.03.2016 15:04
Almost 100 Million Homes May Run Only on Solar by 2020 (Report)
The off-grid solar market has grown to USD 700 million now from non-existent less than a decade ago, a report by Bloomberg New Energy Finance and he World Bank Group’s Lighting Global suggests
AUTHOR: publics.bg


  • © ammusk, flickr.com

Almost 100 million households worldwide may be powered by solar panels by 2020, according to Bloomberg New Energy Finance, as reported by Renewable Energy World.

The off-grid solar market has grown to USD 700 million now from non-existent less than a decade ago, according to a report Thursday from the London-based research company and the World Bank Group’s Lighting Global. They expect that to swell to USD 3.1 billion by the end of the decade.

There are about 1.2 billion people without access to energy and another billion who are connected to a national grid, but with unstable power. The report estimates that they spent USD 27 billion on crude lighting methods such as kerosene and candles last year.

About 95 percent of these people are in sub-Saharan Africa and developing parts of Asia — and this is where the off-grid industry is taking hold. Kenya, Tanzania and Ethiopia are leading the way in Africa and India in Asia.


TAGS: solar energy | off-grid | Asia | Africa | report | Bloomberg New Energy Finance | World Bank | renewables 


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