Featured in More than just a number – 03-2018

Big energy steps in

Off-grid electrification: The International Energy Agency estimates that off-grid energy systems will receive 70% of the nearly $400 billion in investments required to provide energy access to the 1.1 billion people living without electricity. Utilities, oil, and gas firms and other large energy companies are increasingly taking notice of the opportunities in off-grid electrification through investments and acquisitions.

By

pv magazine

13 Mar 2018

Beyond selling electricity, Powerhive has fostered and financed agriculture and technology-based businesses such as Internet cafes within the villages in which it operates.

Manoj Sinha, CEO of microgrid developer Husk Power Systems, which recently raised $20 million in funding from Shell and ENGIE among other investors, explains: “Large energy companies are interested in the off-grid market because that is where future growth will come from. Investing in the sector is a strategic imperative. Whoever makes the first move …

This article is part of pv+

Subscribe digitally to unlock exclusive investigative reporting, expert insights, in-depth analysis, and premium background coverage. Your subscription also includes full access to the digital edition of our magazine.