Off-grid energy investment at $2.1 billion in the last decade: Wood Mackenzie

Kolkata: Close to $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019, Wood Mackenzie has estimated.

Off-grid refers to power generated and consumed locally either on a standalone basis or through a mini-grid.

Wood Mackenzie estimates 420 million people now use standalone off-grid solar and another 47 million people rely on mini-grids for access to electricity.