UK could tap into Africa’s $24bn market for off-grid solar power

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Rapidly growing sector could prove lucrative as Britain seeks post-Brexit trade opportunities

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.

 

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