BusinessPhoto: Mercom IndiaGlobal Off-Grid Solar Access Grows 26% but Financing Stalls
In 2025, off-grid solar solutions provided electricity to 149 million people worldwide, a 26% increase from 118 million in 2023, according to a World Bank and GOGLA report. However, corporate financing remained stagnant at $315 million in 2025. The sector needs $11.4 billion from 2027 to 2030 to reach 398 million people relying on off-grid solar as the cheapest electrification option.
Mercom India·


