Islands of opportunity

Despite being at the highest risk of climate change impacts, island nations are emerging as renewable energy champions. Solar and storage have hit an inflection point against diesel generation offering lower cost, cleaner electricity to island nations.

Advertisements

Mini grids, mega opportunites

Opening new markets: The IEA World Energy Outlook estimates that nearly half of all unelectrified rural areas globally will be most economically served by off-grid minigrids. Throughout much of Southeast Asia, village minigrids are commercially viable. A lack of financing for these projects remains one of the key barriers to seizing this economic opportunity to provide affordable electricity to unelectrified villages.