The activity in microgrids is growing in all regions of the world. In addition, it is important to note the increasing focus on commercially oriented projects as shown below:
The rise of commercially oriented projects will also allow for private investment to enter the sector. Removing remaining fossil-fuel subsidies and regulatory barriers, such on restrictions of who can own or install power installations or sell power to third parties, will further accelerate growth and adoption. The positive outcome from the Paris climate negotiations also promises to add support and potentially financing to the deployment of microgrids in emerging markets.
Momentum is growing and renewable microgrids are fast approaching the tipping point for becoming a mainstream energy option in both developed and emerging markets. The year ahead promises to be a good one for renewable microgrids – best wishes for a successful 2016 to everyone in the sector.