Productive solar technologies draw investors as global off-grid solar sector funding slumps
- PURE technologies raised $65 million in 2023, double the previous year.
- Figorr, a cold chain startup, raised funding for storage and transportation of temperature-sensitive products.
- Investor interest in PURE technologies is due to their transformative impact on livelihoods and increased income opportunities.
The increased investor interest in PURE technologies is a positive sign for the renewable energy industry. These technologies not only contribute to mitigating climate change but also offer economic opportunities for smallholder farmers and health clinics. However, more de-risking instruments and concessional financing are needed to scale up off-grid solar and achieve global development goals.
