The off-grid solar sector has expanded into a $1.75 billion annual market serving 420 million users over the past decade and continues to grow.
As the sector matures and productive use of off-grid solar solutions such as solar water pumps, cold storage and other products servicing public institutions become natural expansion areas, companies are increasingly focused on its financial sustainability.
To achieve universal access to electricity by 2030, the off-grid solar sector would need to serve as many as 132 million households, which in turn would require between $6.6 billion to $11 billion in additional financing.
