The global association for the off-grid solar energy industry, GOGLA, says PURE technologies raised $65 million in 2023, double the previous year, owing to growing investor interest in the segment.
Laura Fortes, GOGLA senior Access to Investment manager, highlighted that PURE technologies offer transformative impact on livelihoods by mitigating climate change, enhancing resilience, and generating increased income.
Off-grid solar sector raised $425 million last year; key players like Sun King, d.light, and Engie Energy Access received significant investments, particularly in Africa to address energy access challenges.
Despite the high percentage of the global population without electricity access, there is a notable lack of equity investment in household solar startups, signaling a failure to nurture new companies in the sector.
#pure-technologies #investor-interest #off-grid-solar-sector #impact-on-livelihoods #energy-access-challenges
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