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Saturday, March 5, 2016
Off-Grid Solar Industry Growing, Mostly in Developing Nations
A new report out from the World Bank Group's Lighting Global and Bloomberg New Energy Finance (BNEF) found that internationally the off-grid solar power market is growing and will become a $3.1 billion opportunity by 2020. That's from essentially a non-existent market less than a decade ago. The report recognizes that there are still 1.2 billion people across the world without access to the power grid.
The report tracks the technology advances and some of the innovative business models that are making more solar power more accessible to people throughout the world. It's intended for companies, investors, governments to show them the opportunities and challenges that the off-grid solar market faces.