USD1.5 Billion Microgrid Market Opportunity Emerges in Kenya
A confluence of innovation, risk taking, and public and private effort has created a five-year, USD 1.5B microgrid market opportunity in Kenya, leading Germany’s TFE Consulting to dub the East African nation, “The World’s Microgrid Lab.”
International startups are deploying innovative mobile ‘pay as you go’ (Pay-Go), home solar, and microgrids in off-grid rural areas across the East African nation and far beyond. Their work is backed by development agencies, regional governments, non-government organizations (NGOs), venture capitalists and corporations.
It’s still early to know, but the rapid development of zero- or low-emissions microgrids and distributed energy could prove to be the linchpin of an emerging new model for environmentally friendly energy and socioeconomic development.
“Globally, microgrids for electrification have a market potential of USD 400B,” says the report, “Kenya: The World’s Microgrid Lab.”
Looking ahead, TFE estimates that over the next five years the number of microgrids installed in Kenya, alone, will surge to between 2,000 to 3,000.
As a result, Kenyans are taking their first steps up the sustainable energy ladder.