Data from Gogla showed that the global off-grid solar sector had a record investment of US$746 million in 2022, increasing by US$289 million or 63% year-on-year.
Investment in the off-grid solar sector hit a record US$450 million in 2021, according to the latest report from the Global Off-grid Lighting Association (GOGLA).
New report finds off-grid solar has come a long way but continues to require major investment to serve the remaining 840 million people that still have no access to power.
The majority of households with PV systems in East Africa have reported an increase in economic activity in the first three months of using the solar power, according to a new report from GOGLA, the global association for the off-grid solar energy industry.
A report on the off-grid solar market has revealed that there has been a 7% drop in off-grid solar and home system product sales worldwide yet the market remains “buoyant”.
More than half of the 4 million solar products sold by member companies in the Global Off-grid Lighting Association (GOGLA) in the second half of 2015 were in Sub-Saharan Africa, the association has reported.