Minigrids could electrify lives for over 500 million, tackling rural energy poverty but facing cost hurdles.

To combat energy poverty, the expansion of minigrids—small independent power networks—could provide electricity to over 500 million people by 2030. These systems, particularly beneficial in rural areas, offer clean and affordable power but face challenges like high costs and financing difficulties. The World Bank suggests strategies to boost adoption, including lowering solar costs and attracting private investment. Successful pilots like India’s 'Climate Smart Village Solution' show potential for improving rural economies.

November 26, 2024
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