Microgrids could capture an increasing share of the $740 million sub-Saharan off-grid market, according to a report released by Rocky Mountain Institute today. The study found that cost reduction and service improvements, supported by coordinated financing from development agencies and clear off-grid plans from African governments, could enable microgrids to reach up to 31 million people who are without electricity access but with the means to pay. “The mini-grid market has the potential […]
Clusters of gas-fired turbines, big dams, and geothermal projects in Sub-Saharan Africa tend to have very complex financing structures. In addition, they also often involve complex debt/equity structures from local banks. Microgrids, however, are within the reach of much smaller organizations.