Minigrids Could Serve about Half of People without Power: Report

Minigrids can serve about half the people in the world — about 111 million households — who lack electricity by 2030 at a cost of $128 billion, although increased policy support is needed, according to a report. There are about 5,500 minigrids in Sub-Saharan Africa, Asia and small island nations, with some in Latin America, according to State of … [Read more...]

C&I Solar Market Poised For Faster Growth in Sub-Saharan Africa

A fledgling market for commercial and industrial (C&I) solar in Sub-Saharan Africa is poised for faster growth due to high-cost and poor-quality grid power, declining solar energy costs and the rise of energy storage, according to a new report from Bloomberg New Energy Finance (NEF). The finding is significant to microgrids in the region … [Read more...]

Community Microgrids Beat Grid Power Costs in the Developing World

Community microgrids increasingly appear to be more cost-effective than extending the central grid in the developing world, according to new findings by Bloomberg NEF. With an improved price position, microgrids will serve 34 million of the 238 million households that will be electrified between now and 2030. Another 72 million will install … [Read more...]

Batteries, Solar, Wind, Australia and Japan: All Winners in New Bloomberg NEF Forecast

The winners are batteries, wind, solar, and the decentralized energy systems of Australia and Japan, in a forecast issued today by Bloomberg New Energy Finance (NEF). Coal is the loser. Of the $11.5 trillion that the world will invest in power from 2018 to 2050, $8.4 trillion will go to wind and solar and $548 billion to batteries, according to … [Read more...]