Nostec company responds to the growing needs for solar electrification of communities in developing countries, in Sub-Saharan Africa to be more specific. Lack of access to electricity in Sub-Saharan Africa stems from absence of main electrical grids. Centralized electric grids require large capital and therefore it is challenging to deploy in Sub-Saharan Africa. In order to meet the ever growing electricity demand and have more powerful socio-economic impact in African countries there needs to be convergence of affordability and with the stability and higher energy production that resembles grids in developed countries.
Energy crisis in the reagon
- 1.2 billion people around the world do not have access to modern, reliable and affordable electricity.
- Sub-Sahara Africa has 625 Million without access to energy.
- By 2040, 1 Billion of Sub-Saharan will have access to energy but due to population growth 530 Million will not.
Reducing Poverty, Promoting Human Development & Increasing Economic Growth Without access to affordable and reliable energy servicesIt is challenging, if not impossible, to promote economic growth, overcome poverty, expand employment, and support human development.There are limited prospects for the cost-effective delivery of goods and services and therefore few opportunities to develop productive activities needed for the social and economic transformation of communities Countries with the highest levels of poverty tend to have lower access to modern energy services