June 27, 2019

World Bank: Cost Declines in Solar-Plus-Storage Could see 490 Million Relying on Microgrids by 2030

Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said. Its report said most new mini-grids will feature a mix of PV with batteries, adding that the 10-15GW of solar / 50-110GWh of mostly lithium-ion batteries expected by 2030 would bring CO2 savings of 1.5 billion tonnes.

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