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Minigrids can be the least-cost option for electricity access for millions of people who lack access to reliable electricity, however market penetration remains low.
A concerted effort by private, public and development sectors can unlock the potential of minigrids. The addressable off-grid market in four leading African countries (Senegal, Kenya, Tanzania, and Uganda), of which minigrids will compete for a share, is currently $750 million in annual revenue. Reducing costs by 50 percent doubles the addressable market size to $1.5 billion.
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