Financing for the 15MWh Off-Grid Solar Container Project

4 FAQs about [Financing for the 15MWh Off-Grid Solar Container Project]

Can off-grid solar power increase energy access?

As a result, 650 million people globally, and 570 million in Sub-Saharan Africa, are expected to remain without electricity access by 2030 (Tracking SDG7 Report 2019). Off-grid solar (OGS) energy provides an opportunity to increase energy access.

Do off-grid solar companies need financing?

Adequate financing for off-grid solar companies is necessary to expand solar power for those who need it most. A range of financing options— including frontier concepts coming from the “fintech” revolution—are applicable to this field.

Can off-grid energy solutions improve energy access in Africa?

Geospatial modeling by the International Energy Agency (IEA) suggests that 54 percent of Africans currently lacking electricity access could best be served by off-grid solutions, primarily solar (IEA 2017). Substantial new financing sources will need to be identified, sourced, and advanced to allow OGS companies to increase energy access.

What is off-grid solar?

Off-grid solar (OGS) energy provides an opportunity to increase energy access. Technology costs have fallen dramatically, and new business models, such as pay-as-you-go (PAYG), are addressing longstanding issues of affordability.

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