Global investment in universal electricity access crossed $500 million in 2018


Global investment in universal electricity access crossed $500 million in 2018

Total annual investment in the off-grid energy access sector surpassed $500 million in 2018 globally, according to a new report by natural resources consultancy Wood Mackenzie Power & Renewables, and Energy 4 Impact, a non-profit organisation.

The report titled ‘Strategic investments in off-grid energy access: Scaling the utility of the future for the last mile’ highlights the acceleration in investment across the energy access sector. Nearly $1.7 billion in cumulative disclosed investment was deployed into energy access markets by the end of 2018, with over $1.2 billion deployed since the beginning of 2016, it said.

“Investments in the energy access space have accelerated rapidly in the last few years but total volumes still fall well short of the total estimated financing needed to reach universal electricity access globally by 2030 Read More

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