Off-grid solar funding concentrated in just three companies
With a previous 50-50 split between equity and debt investment funding for the off-grid market shifting to 84% debt, and commentators stating most of this year’s backing was agreed before the onset of Covid-19, fears are mounting about the prospects for the sector.
Report: the commercial opportunity for off-grid solar power in Africa is $24 billion per year
On a continent where 600 million people have no access to electricity, “The combination of solar and fintech is driving an economic transformation.”
