Off-Grid Solar Investment Trends 2019-2020

To achieve universal access, the World Bank Group’s 2020 Market Trends Report indicates that the sector would need to reach as many as 617 million people with Tier 1 OGS products as their main source of electricity. This would require US$ 6.6 to US$11 billion in additional financing. Of this total need, US$ 6.1 to 7.7 billion comprises required external investment into OGS companies, and up to US$ 3.4 billion represents public subsidies to bridge the affordability gap.

Read the key takeaways from the GOGLA Deals Database with updated investment data until August 2020. The report was realized with support from GET.invest, a European programme supported by the European Union, Germany, Sweden, the Netherlands, and Austria.