![]() Since 2014, FMO invested some $170 million in 19 different companies and funds active in the sector. FMO has since grown its role in the sector, in particular thanks to the availability of funds provided by the Dutch government, such as the Access to Energy Fund. Thus, decentral renewable electricity solutions such as solar home systems and mini-grids are vital to help remotely located global citizens enjoy the benefits of electricity access.įMO saw the potential of off-grid energy solutions as a channel for improving lives as one of the first international investors more than ten years ago. With the further digitalization of the world economy and the global energy transition, access to electricity is the need of the hour and the future. Often, the national electricity grids do not reach their homes, or connecting to them is prohibitively expensive. Globally, some 733 million people–or ~10% of the global population-are without access to electricity. Yet this is the daily reality for over half (55%) of the population in Least Developed Countries (LDCs). ![]() Did you know? Roughly 10% of the global population still live without access to electricity.Īccess to this basic service is so commonplace in the developed world that it is hard to imagine a life without it.
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