Off-Grid Solar Market Trends Report

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 about 85% of the unelectrified population lives. 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, warns that a 6-fold increase over current investment levels - or US$21 billion - is required to realize off-grid solar’s potential to contribute to universal energy access, or this opportunity…