none

SOLAR ALLOWS MILLIONS OF DEVELOPING HOMES TO GO OFF-GRID

05-03-2016
by 
in 

Lighting Global has produced a report on the trends in solar energy, revealing that the off-grid solar industry is set to encompass 99 million households by 2020.

The proliferation of cheaper solar energy generation has led to the expansion of the market into areas that need it the most:  rural and poorly maintained areas with unstable power supply.

Promising a self-contained solution, going off-the-grid removes the need for relying on infrastructure that may not be capable of supplying local or national requirements.

For areas like this, solar energy is a cost-effective and practical solution to energy and lighting needs, pushing the demand higher and creating a market worth billions of dollars.

Already, there are 89 million people in developing regions of Africa and Asia who have improved access to energy from off-grid solar power.

Population growth and increases in demand indicate that the off-grid market will be worth $3.1 billion by 2020: the previous year saw a $276 million investment, which is a 15-times increase from 2012. 

Related news & editorials

  1. 23.04.2018
    23.04.2018
    by      In
    Sidewood Estate has put the finishing touches on it $4 million winery expansion in the South Australian town of Nairne, which includes one of the most technologically advanced bottling lines in the Adelaide Hills region.
    The bottling line can fill and label up to 3000 bottles per hour with an... Read More
  2. 23.04.2018
    23.04.2018
    by      In
    BAE Systems has formalised a deal to source almost 50,000 tonnes of Australian steel to build Future Frigates for the SEA 5000 programme, should it win the tendering process. 
    Under the agreement, Bluescope Steel and Liberty OneSteel will provide steel components for BAE's Global Combat Ship-... Read More
  3. 23.04.2018
    23.04.2018
    by      In
    Melbourne-based packaging giant Visy is aiming to rapidly increase its investments in automation, with the end goal of having a fully automated factory. 
    “We have a vision which I call the ‘lights out’ factory - a fully automated box factory that operates in the dark because robots don’t need... Read More
  4. 23.04.2018
    23.04.2018
    by      In
    With international electric vehicles failing to make an impression on the Australian market, a local manufacturer has stepped up to the plate to provide some much-needed competition. 
    ACE Electric Vehicles is planning to produce Australian-manufacturered electric cars, with the goal of releasing... Read More