Off-grid solar power is positioned as a key solution for providing electricity to almost 400 million people globally by 2030, according to the latest Off-Grid Solar Market Trends Report (MTR) 2024. The report, published by the World Bank’s Energy Sector Management Assistance Program (ESMAP) and GOGLA, highlights the potential of off-grid solar as the most cost-effective method to supply energy access to those currently without it.
The report indicates that off-grid solar accounted for 55% of new connections in sub-Saharan Africa between 2020 and 2022, where over 80% of the unelectrified population resides. However, a significant increase in investment—amounting to $21 billion—is necessary to harness this potential fully. Without this funding boost, an estimated 660 million people will remain without electricity by the end of the decade.
Qimiao Fan, World Bank's Country Director for Kenya, Rwanda, Somalia, and Uganda stated: “We must rewrite this story... Providing access to affordable, clean electricity is critical for lifting people out of poverty on a livable planet.” The World Bank Group has partnered with the African Development Bank under Mission 300 to connect 300 million Africans to electricity within six years. Off-grid solar technology is seen as vital in reaching households and accelerating energy access across various sectors.
Sarah Malm from GOGLA emphasized: “With the Off-Grid Solar Market Trends Report... Companies, investors, governments, and development partners need to work together NOW...” The report shows that off-grid solar can provide life-changing solutions by powering homes and public services despite challenging economic conditions.
Key findings reveal that while off-grid solar has shown resilience with over 560 million beneficiaries as of last year, affordability remains a barrier. Only a fraction of households lacking electricity can afford even basic solar kits. Investment reached $1.2 billion recently but needs substantial growth.
Efforts like Mission 300 and integrating off-grid solutions into national plans highlight growing recognition on international agendas. Collaboration among companies and stakeholders is essential for realizing sustainable development goals related to energy access.
The MTR was presented at the Global Off-Grid Solar Forum and Expo in Nairobi attended by policymakers, investors, development actors, and industry representatives.
GOGLA represents over 200 members dedicated to transforming lives through clean solar products aiming for broader impact by 2030. ESMAP collaborates with over twenty partners under World Bank initiatives focusing on sustainable energy transitions aligned with global climate targets.