"Minigrids Seen as Fix for 620 Million Africans Without Power"

"Power grids that work at a fraction of the scale of a traditional utility have gained support from banks and developers as a way to bring power to the 620 million people across Africa that lack access to electricity.

From Kenya to Equatorial Guinea and Tanzania, companies including Italy’s biggest utility Enel SpA and General Electric Co. of the U.S. are building minigrids that distribute power to villages instead of whole nations.

A plunge in the cost of renewables has opened a new source of power for minigrids. While these smaller electricity networks deliver only a trickle of electricity, they’re demonstrating a way to bring energy to the poorest areas without lifting pollution. Institutions including the African Development Bank are supporting them as a way to balance goals on economic growth and global warming, promising the industry will expand beyond a few pilot projects."

Anna Hirtenstein reports for Bloomberg November 16, 2015.

Source: Bloomberg, 11/17/2015