UK investors could seize a $24bn investment opportunity by helping to connect millions of people without access to electricity to off-grid home solar power systems. The market for pay-as-you-go home solar packages is expected to boom in Africa, where millions of homes are using mobile technology to rent low-cost solar panels. UK companies have played a leading role in helping more than five million households sign up to pay-as-you-go home solar systems in the past four years. But with 600 million people without access to an electricity grid, there is huge potential for future investment. A report by Kleos Advisory, published during the first UK-Africa Investment Summit in London, has found that the commercial opportunity from off-grid solar panels could generate about $24bn (£18bn) a year.
Guardian 21st Jan 2020 read more »