The European Business Council for Africa

Sales of off-grid solar products in developing economies have fallen by 26% in 2020 due to the impact of the coronavirus pandemic, according to new data from the global association for the off-grid solar energy (GOGLA).

The organization warns that the drop threatens the sector’s progress in recent years, averaging about 10% growth  annually,  and seeing investment rise sixteen-fold from $21m in 2012 to $352m in 2018.

It’s been a particular hit in Africa, home to 600m people without reliable power access. More than $1.1bn was invested in off-grid solar projects in sub-Saharan Africa between 2012 - 2019. According to the World Bank there are currently 4,000 mini-grid projects in the works across Africa, and the lender estimates that 500m people could be connected this way by 2030.

It’s a good story, with some important gaps.

Just ten companies have received 78% of all capital invested in the sector from 2012 - 2019. These are mostly in East Africa, which also accounts for 76% of all investment on the continent. […]

You can find the full article here