A new report by Clean Energy Access Network (CLEAN) shows that the decentralized renewable energy (DRE) sector in India continues to see growth in enhancing energy access, especially in rural communities where it is experiencing maximum impact thereby aiding economic and social growth.
It is estimated that by the year 2030, mini-grids will be providing electricity to as many as 500 million people around the world – a huge boost from the current 47 million people across 134 countries who are served by about 19,000 mini-grids. While most of the current mini-grids are deployed in Asia, Africa has the largest share of the 210,000 planned mini-grids by 2030.
After almost a decade of struggling to hone business models, access finance and gain political backing, mini-grids appear to finally be ready for scale.
Green Aggregation Tech Enterprise aims to prepare off-grid energy financing for a self-sustaining future in Africa that involves all types of funding, including commercial lending.
The remoteness and complexity of off-grid energy systems can pose substantial operational challenges. Implementing remote monitoring and management offers concrete cost reduction and reliability. IoT can enable electrification across rural regions with smart, renewable energy to support economic development.
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