Ethiopian Energy^Power Business Portal,eepBp

Off-Grid Solar Industry Grows into a $1.75 billion Annual Market, New Report Shows

The off-grid solar industry has grown into a $1.75 billion annual market, providing lighting and other energy services to 420 million users and remains on a solid growth curve, a new World Bank Group and GOGLA report shows. 

The 2020 Off-Grid Solar Market Trends Report finds that the industry has made tremendous strides in the past decade. Since 2017, revenues from the off-grid solar industry continue to rapidly grow, increasing by 30 percent annually. To date, more than 180 million off-grid solar units have been sold worldwide and the sector saw $1.5 billion in investments since 2012.

With 840 million people still lacking access to electricity, the growth of the off-grid solar industry is critical to meeting the Sustainable Development Goal (SDG7) for universal access to affordable, reliable, sustainable and modern energy by 2030.

0
0
0
s2smodern
Write comment (0 Comments)

The statemeent in the group's website reads, "the overwhelming response from the Solar Industry has encouraged Expogroup to launch "SOLAR AFRICA" and after successful editions in Kenya and Tanzania Solar Africa is all set to step in the Ethiopian Market. The statemeent too said "the region offers tremendous opportunities to suppliers worldwide, having among the strongest solar resources in the world. In particular, the region offers excellent potential for concentrated solar power (CSP) and concentrated photovoltaic (CPV) systems".

Solar Africa in Ethiopia will be held concurrently with Power & Energy Africa from 24 - 26 February 2020.

In related news, 

Africa Energy Forum: Off the Grid 2020 is also going to take place from  27 - 29 March 2020 in Addis Ababa, Ethiopia with dubbed with a theme 'Sustainable Role for Mini and Off-Grid Solutions in the African Energy Ecosystem,’ and will focus on the role of the private sector in empowering rural dwellers by delivering energy access beyond the grid.

Elsewhere: 

14th German-African Energy Forum ”A Green Deal with Africa? Innovation for a Carbon-Neutral Economic Transformation” will take place in Hamburg, from March 25th-26th, 2020. Find the Draft program here.

  

Subscribe at eepBp for more Energy updates in Ethiopia

 

Energising Development (EnDev) Ethiopia Launched Phase III Program Cycle Run From 2019 to 2022

 

New deal signed to improve low-carbon energy supply in Ethiopia

0
0
0
s2smodern
Write comment (0 Comments)

Greenlight Planet, the global market leader in the rapidly expanding pay-as-you-go (PAYG) solar industry has powered more than two and a half million lives in Ethiopia through access to clean, affordable, and reliable energy.   Working with a strong network of established Ethiopian distribution companies such as Lydetco P.L.C., Universal Electronics amongst others, Sun King products are now in 500,000 Ethiopian households and have offset more than 600,000 metric tons of greenhouse gas, enabling savings of more than 1.7 billion Ethiopian Birr ($53 million) for customers in Ethiopia.

Throughout the last decade, the Government of Ethiopia has led one of the most successful electrification programs in sub-Saharan Africa, expanding the electric grid to nearly 60 percent of the country, now covering 6,000 towns and villages, compared with only 667 ten years ago.   However, the rural household electrification rate remains at just 29% percent. Understanding that affordable and reliable access to electricity is essential to reducing poverty,   the Government of Ethiopia has committed to achieving universal energy access by 2025.   Through this plan, sixty-five percent of the population will gain energy access through the national grid, and the other thirty-five percent will access energy through off-grid technologies, including stand-alone solar systems and mini-grids.

0
0
0
s2smodern
Write comment (0 Comments)

Ethiopia is one of Africa’s rising stars, growing at 9.9% per year between 2008 and 2018. However, 70% of its inhabitants currently live without electricity. In this webinar, you will learn more about Ethiopia’s plans to deploy minigrids as part of its plan to achieve universal electricity access by 2025 and also its ambitious strategy to enhance gender equality in the energy sector.

  • Learn about a USD$400 million investment (currently underway), dedicated exclusively to enhance mini grid and off-grid access in Ethiopia
  • Find out more about the social and economic benefits of minigrids while ensuring access to affordable, reliable, sustainable and modern energy for all to achieve SDG7
  • Hear how to consider gender gaps to enhance e.g. female farmer and business owners benefits from electrification and also how to enhance opportunities around skills development and employment during construction, operation and maintenance for men and women
  • Get access to real case-studies of mini-grid development

0
0
0
s2smodern
Write comment (0 Comments)

eepBp tweeter Feed

eepBp Facebook feed

Join eepBp Community