Future-Forward: Innovations for a world that does not yet exist

Off-Grid Renewables Beating Out Fossil Fuels in Remote Africa

Faced with decrepit electricity grids, expensive diesel generators with high fuel and maintenance costs, and a shockingly large population still without access to energy, small-scale renewable energy has sparked a shift in remote communities worldwide. Even without a strong distribution network and limited financing solutions for low-income customers, off-grid renewable energy in rural regions of Africa and Southeast Asia continues to explode due to high demand. Exciting to see healthy competition grow between companies operating in this space- the more the better as prices are driven down and families and businesses demand higher quality products and increased microloan support. However, the need for innovative financing could never be stronger. Solar is useless if its prices still remain out of reach.  Let’s hope accessible finance follows close behind.

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One comment on “Off-Grid Renewables Beating Out Fossil Fuels in Remote Africa

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    November 7, 2014

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This entry was posted on December 25, 2010 by in base of pyramid, energy, poverty alleviation, sustainable products, technology.
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