Mashiat Alam
3 years ago
Description
According to the World Bank, off-grid solar products currently service over 360 million people globally. However, while this number seems significant, the current reach is estimated to only be 17% of the market potential. Off-grid solar products, particularly solar home systems (“SHS”), serve an important role in the frontier markets by empowering the ‘next billion’, who currently lack electricity or live with unreliable or insufficient electricity service. In so doing, SHS’ complement grid
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According to the World Bank, off-grid solar products currently service over 360 million people globally. However, while this number seems significant, the current reach is estimated to only be 17% of the market potential. Off-grid solar products, particularly solar home systems (“SHS”), serve an important role in the frontier markets by empowering the ‘next billion’, who currently lack electricity or live with unreliable or insufficient electricity service. In so doing, SHS’ complement grid-based power distribution in frontier economies, by serving as a platform for: a) effective energy transition (from fossil fuels to renewables), b) affordable, reliable and scalable rural electricity supply, and c) carbon neutrality.
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Organization
ME SOLshare Ltd.
Impact
Bangladesh is currently the global market leader in SHS installations, which serve nearly 6 million households and 25 million people. Despite this overwhelming success, widespread energy poverty continues to plague the nation, where nearly 60 million people still lack access to electricity, due to inadequate distribution networks.
Population Affected
>100,000
Location(s)
Dhaka, Bangladesh
Resources Needed
Beneficiaries
Extent
Sectors
Sustainable Development Goals
This problem has the following solutions.
Solution
SOLbazaar - Energy Exchange Platform
Created by Mashiat Alam
Solution
Low head mini hydropower solution
Created by Upamanyu Ghosh
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