Universal Access to Energy – The Future
As of 2018, India claims to have achieved 100% electrification across all states. This does not necessarily translate to the continued supply of power for all and calls for more reliable sources of energy. However, this will result in a shift of consumer demand to grid-connected devices and systems. Therefore, we see the need for loans with larger ticket sizes; from the $50 solar lantern, to the $200 home system and $ 10,000 microgrid for neighborhoods.
These macro trends, pave the path, and also the challenges for those working in energy access, for the product/service providers, and for the financiers.