For more than a decade, the biennial Off-Grid Solar (OGS) Market Trends Report (MTR) has been the anchor of the World Bank Group/GOGLA franchise of market data and trends reports, which are the go-to source of OGS sector information for investors, industry members, policymakers, and other stakeholders. The series includes semi-annual reports
The latest Off-Grid Solar Market Trends Report (MTR) 2024, warns that a 6-fold increase over current investment levels - or $21 billion - is required to realize off-grid solar''s potential to contribute to universal energy access, or this opportunity will be missed.
February 18, 2020 The 2020 Off-Grid Solar Market Trends is an in-depth analysis on current market dynamics, projections for the coming five years, and a blueprint for how actors in this market can compete in a swiftly evolving industry ecosystem. This year''s edition finds that the industry has made tremendous strides in the past decade
Off-grid electricity production from renewables, although largely unrecorded in most countries, is believed to be expanding rapidly. By combining information from surveys, administrative data and desk research, the
The latest Off-Grid Solar Market Trends Report (MTR) 2024, warns that a 6-fold increase over current investment levels – or $21 billion – is required to realize off-grid
The latest Off-Grid Solar Market Trends Report (MTR) 2024, published today by the World Bank''s Energy Sector Management Assistance Program (ESMAP) and GOGLA,
By the end of 2023, off-grid solar solutions helped deliver electricity access to 560 million people worldwide, and further investment in the sector will be essential to provide "the most...
For over a decade, the biennial Off-Grid Solar Market Trends Report (MTR) has been the go-to resource for off-grid investors, industry, policymakers, and stakeholders. This interactive AI
The development of advanced energy storage systems, such as lithium-ion batteries and emerging technologies like solid-state batteries and flow batteries, is crucial for storing excess solar energy generated during peak sunlight hours.
highlights the latest trends and advancements, including innovations in delivery and financing models, and discusses the policy and regulatory measures governments are taking to harness the potential of off-grid renewables for meeting SDG 7 on energy, as well as several other SDGs. AN OPPORTUNITY NOT TO BE MISSED 5. Figure 1: Overview of IRENA activities on off-grid
Other solar: comprises off-grid power capacity in end-use sectors as industry and commercial/public. Furthermore, for about 1.5 GW of reported off-grid solar capacity, the end-use is unknown and, therefore, recorded in this category. Figure 2: Capacity of off-grid renewable energy solutions globally 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000
Off-grid renewable power can come from a variety of sources, ranging from large isolated power grids to solar lights and solar home systems. In addition to households, off-grid renewables provide power for cooking, water pumping, street lighting, charging stations,
This report aims to survey the outlook for the off-grid solar market and interventions needed for the sector to achieve its full potential impact. Chapter 2 discusses what it will take for the sector to achieve its primary development goals, including both access to electricity and a host of other development goals enabled by electricity access
Off-grid renewable power can come from a variety of sources, ranging from large isolated power grids to solar lights and solar home systems. In addition to households, off-grid renewables provide power for cooking, water pumping, street lighting, charging stations, telecommunications towers, rural schools and clinics, as well as for remote commercial and
The 2020 edition of the Off-Grid Solar Market Trends Report is the sixth in a series of biennial reports that was launched in 2010, with the aim of measuring the pulse of the off- grid solar market. This latest edition includes the most comprehensive sales and impact data available, in-depth analysis on current market dynamics and an outlook on the future of the
By the end of 2023, off-grid solar solutions helped deliver electricity access to 560 million people worldwide, and further investment in the sector will be essential to provide "the most...
2030 will require a steep acceleration of the off-grid solar market''s development. A decade in, the off-grid solar industry has already delivered quality energy services to hundreds of millions of people – including those that traditional electricity utilities had been unable to serve. Lighting Africa''s successful pilot in Kenya has been replicated across the continent and the globe
Off-grid solar technologies are a significant part of that solution. They provide the least-cost route to reach 40% of the people who still need to be connected to electricity by 2030 — the majority of whom are living on the lowest incomes and in fragile, disaster-prone, or conflict-affected regions. Off-grid solar technologies also offer an
This report is the fourth in a series of biennial assessments of the global off-grid solar market undertaken by the World Bank Group through its Lighting Global Program. Lighting Global is the platform under which the World Bank Group supports the development of the global off-grid solar energy services market, and includes
access to off-grid solar energy for the 840 million people worldwide living without electricity.Lighting Global - managed by the International Finance Corporation (IFC) and the World Bank - works with manufacturers, distributors, governments, and other development partners to build and grow the modern off-grid solar energy market. Lighting
The latest Off-Grid Solar Market Trends Report (MTR) 2024, warns that a 6-fold increase over current investment levels - or $21 billion - is required to realize off-grid solar''s potential to
The 2020 edition of the Off-Grid Solar Market Trends Report is the sixth in a series of biennial reports that was launched in 2010, with the aim of measuring the pulse of the off- grid solar market. This latest edition includes the most comprehensive sales and impact data available, in-depth analysis on current market dynamics and an outlook on the future of the
For over a decade, the biennial Off-Grid Solar Market Trends Report (MTR) has been the go-to resource for off-grid investors, industry, policymakers, and stakeholders. This interactive AI-supported microsite complements the 2024 report, published by the World Bank''s Energy Sector Management Assistance Program (ESMAP), GOGLA, and Dalberg
This report aims to survey the outlook for the off-grid solar market and interventions needed for the sector to achieve its full potential impact. Chapter 2 discusses what it will take for the
Off-grid solar technologies are a significant part of that solution. They provide the least-cost route to reach 40% of the people who still need to be connected to electricity by 2030 — the majority
The ESMAP-GOGLA report suggests that this most recent trend is tied to short-term economic changes, rather than being the herald of a long-term decline in appetite for off-grid solar systems. The report notes that the market is still 15% larger than during the COVID-19 years, “underscoring its resilience”.
“ With the Off-Grid Solar Market Trends Report, off-grid solar is again proven as the most effective route to reach almost 400 million unelectrified people, delivering life-changing energy solutions to power their homes, farms, businesses, and public services. The industry has shown tremendous resilience in challenging macroeconomic conditions.
Between 2018 and 2022, the size of the global off-grid solar products market almost doubled, from US$2.3 billion to US$3.9 billion. Image: Power Africa.
Nairobi, 8 October 2024— Off-grid solar is the most cost-effective way to power 41% of people globally by 2030 who are still living without energy access. The sector already provided 55% of the new connections in sub-Saharan Africa between 2020 to 2022 - where over 80% of the unelectrified population lives.
The previous edition of our Of-Grid Solar Market Trends Report (MTR) was launched at the Global Of-Grid Solar Forum & Expo in Nairobi, Kenya in February 2020. The COVID-19 pandemic was declared only one month later, and within a few weeks, much of the world went into lockdown.
The report notes that, while investment into off-grid solar reached a record high of US$1.2 billion between 2022 and 2023, US$21 billion of new investment will be needed to provide off-grid solar access to 398 million of the 660 million who will lack electricity access by 2030.
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