Investment in off-grid solar sector fell by 43% last year
- Admin
- May 8, 2024
- 1 min read
Total investment in the off-grid solar sector in 2023 was $425 million, with decreased investment compared to the previous year. Growth is necessary to meet development and climate targets. Significant investments were made in the productive use of renewable energy. Off-balance sheet financing is highlighted as a potential financing mechanism. Challenges include business closures and the necessity for de-risking instruments and concessional financing.
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