Colorado Company Jump-starts Mini-Grid Development in Africa

////Colorado Company Jump-starts Mini-Grid Development in Africa

Colorado Company Jump-starts Mini-Grid Development in Africa

Looking to boost badly needed decentralized energy in Sub-Saharan Africa, a business-to-business microgrid company in Boulder, Colo. says it has jump-started a pipeline of more than 550 mini-grid projects via its web-based project management software.

Odyssey Energy Solutions is streamlining development of mini-grids (the term used in Africa for microgrids) via software tools that link project developers, technology suppliers and investors in a single, standardized platform.

According to the company, platform users currently comprise a network of more than 100 developers, investors, vendors, and government institutions, with recent month-on-month user growth of 30-40 percent. If completed, Odyssey’s total estimated project investment would be more than $500 million.

The projects in Odyssey’s project pipeline represent about 275,000 mini-grid connections with a generation capacity of about 150 MW of installed solar PV. The 550 projects come from 21 countries, including Cape Verde, Ethiopia, Haiti, India, Kenya, Nigeria, Philippines and South Africa. Project ticket sizes, aka project costs, range from $40,000 to $3 million.

Mini-grids are viewed as one of the lowest cost and most efficient options for bringing electricity to more than 70 percent of the world’s one billion people currently without access to basic power, most of whom live in rural areas in Sub-Saharan Africa and Asia. The company estimates that up to 200,000 mini-grids will be needed to lift these people out of energy poverty.

Read more at Microgrid Knowledge

2018-08-14T06:10:19+00:00Tags: |