The 2020 Global Off-Grid Solar Market Trends Report estimates that the off-grid solar sector currently provides lighting and other energy services to 420 million people globally, representing about 5.7% of the entire global population. This notably, is a tremendous stride in the past decade that has helped developing countries reach their energy access goals, accelerating the global Sustainable Development Goal (SDG) 7.
The industry collectively sold over 180 million products, serving the 420 M customers globally increasing investment in the sector and demonstrating profitability. They have demonstrated that it is important to build a sustainable, sound solar financing business. Patrick Walsh, CEO and Co-Founder Greenlight Planet predicts, off-grid solar technologies could DISRUPT the way a billion people access energy.
Greenlight Planet, a company that designs, distributes and finances solar home solutions under the brand name ‘Sun King’, has been consistently profitable for the last 16 quarters, creating about 5500 jobs across areas of sub-Saharan Africa to the youth and women, suffering from high levels of unemployment. In Kenya alone, it boasts of a nearly 50% employee count as being women. Read more…
