Today, Lighting Global, the World Bank Group’s platform to support sustainable growth of the international off-grid solar market, and GOGLA, the Global Off-Grid Lighting Association, launched the latest Global Off-Grid Solar Semi-Annual Market Report, which includes performance data from 50 companies and covers the period of January to June 2016.
This effort builds on a previous report, and is the second in a series of six-month market updates that supplement the broader biennial Off-Grid Solar Market Trends Report released earlier this year. Together these reports track the groundbreaking technological advances and innovative business models that have emerged to transform the lives of millions through affordable modern solar energy services. Today’s report also looks beyond numbers and into a range of market drivers to give a more complete picture of the findings.
“Together, this series provides industry members, investors and other stakeholders with the definitive snapshot of progress across the dynamic global solar off-grid market, and with it, the most comprehensive overview of the sector available anywhere,” said Russell Sturm, Global Head of Energy Access at the International Finance Corporation, a member of the World Bank Group.
“With this industry evolving rapidly and becoming an increasingly organized sector, we are also improving the way we collect market intelligence. This report clearly marks another step in that direction,” adds Koen Peters, Executive Director of GOGLA.
Key Market Insights:
Social Impact Results:
It is widely accepted, in the development community, that universal energy access can only be achieved through a vibrant, commercial market. The data highlighted in this report supports this thesis. We hope this market intelligence will inform key players in the sector—distributors, manufacturers, investors, as well as the development institutions that seek to support the industry—in making more informed decisions.
Read the latest report here.
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About Lighting Global
Lighting Global is the World Bank Group’s platform to support sustainable growth of the international off-grid solar market as a means of rapidly increasing energy access to the 1.2 billion people without grid electricity. Through Lighting Global, the International Finance Corporation (IFC) and the World Bank work with the Global Off-Grid Lighting Association (GOGLA), manufacturers, distributors, and other development partners to develop the modern off-grid energy market. The Lighting Global program — in partnership with industry — provides market insights, steers development of quality assurance frameworks for modern, off-grid lighting devices and systems, and promotes sustainability.
The Global Off Grid Lighting Association (GOGLA) is an independent, not-for-profit organization created to accelerate access to affordable, clean energy to the 1 in 6 people in the world who live without electricity. GOGLA’s goal is to help scale the off-grid lighting sector globally, supporting the industry to provide basic power to every household by 2030.