The Spanish energy group Iberd y Bilbao and the British company rolabp plc announced their intention to set up a strategic collaboration in August 2022, which is expected to help speed up transition towards renewable energies.
Husk Power Systems, a leading provider of rural clean energy services across Africa and Asia, has opened the first six solar hybrid mini grids located in Nigeria's Nasarawa region in November 2021. This is the first time that a company is deploying multiple mini-grids simultaneously under the Nigeria Electrification Project. The Nigeria Electrification Project is an initiative funded by the World Bank and the African Development Bank and implemented by the Rural Electrification Authority.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5447
Published Date: Dec 06, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand for sustainable sources of energy and need to reduce carbon dioxide emission are some of the major factors anticipated to drive the growth of the solar bio-gas hybrid power system market.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.
The major players in the market are of SMA Solar Technology, Eaton Corporation, Schneider Electric, Siemen Gamesa, General Electric Company, GE Renewable Energy, Husk Power Systems, Iberdola, RWE International SE, and others.
The off-grid segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.