Despite global off-grid solar sector facing funding decline, productive solar technologies attract investors.

Quick Summary:

Productive Use of Renewable Energy (PURE) technologies, especially those in the solar irrigation and cold chain segment, saw increased investor interest last year, despite a 43% funding slump recorded in the global off-grid solar sector.

While many examples of successful blended finance structures that are catalytic already exist, we need more of them to multiply industry funding by seven,” said Fortes.

Globally, 75% of the population has no access to electricity, 46% of those being from Africa.

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Article Details

Author / Journalist: Annie Njanja

Category: StartupsBusiness

Markets: United States

Topics: Solar Startups Africa Climate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-30 @ 15:49:41 (3 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 351 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20839900

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