Mitsubishi Corporation to Invest in Distributed Power Supply Project in Off-Grid Areas in Africa
September 10, 2018
Mitsubishi Corporation (MC) is pleased to announce its decision to invest in NEoT Offgrid Africa (NOA), an investment platform focused on developing distributed renewable energy projects in Africa. MC’s aim in joining this initiative, together with Electricité de France (EDF), is to promote new businesses that use batteries to bring power to areas without access to electricity (“off-grid areas”) in Africa.
NOA is a joint venture that promotes distributed renewable energy projects in Africa. As a first step, NOA is developing its business around the provision of solutions such as power sources (solar power generation systems and storage batteries) and household appliances (lighting fixtures, radios, TVs, etc.) to households in off-grid areas in Africa.
In Africa, more than 600 million people live in areas without transmission and distribution networks, where kerosene lamps are used for lighting. Generating and storing electricity with solar panels and storage batteries enables households in these off-grid areas to use electric appliances they would not otherwise be able to use such as lighting fixtures, mobile phone chargers, radios and TVs. Through the supply of affordable and clean power sources, we contribute to improving quality of life while at the same time helping to reduce environmental impact.
| Mitsubishi Corporation
https://www.mitsubishicorp.com/jp/en/pr/archive/2018/html/0000035685.html