In Mexico, a handful of companies are rushing to bring solar power to the estimated 450,000 families, or around 2 percent of the population, living in areas too remote to warrant a grid connection.Almost as many people have such poor grid access that they may go weeks or months without power, said Ana Lucia Coll Guzmán, chief information officer and innovation and strategy manager at Iluméxico, one of the leading rural electrification players in the country.For these families, solar is an important source of energy, she said.Since its foundation in 2009, Iluméxico has installed more than 20,000 solar home kits serving around 90,000 people in the states of Campeche, Chiapas, Chihuahua, Coahuila, Durango, Guerrero, Nayarit, Nuevo León, San Luis Potosí and Yucatán.The company manages around 2.5 megawatts of off-grid solar capacity on behalf of customers who earn an average of just 2,450 pesos (around $125) a month and who in 90 percent of cases don’t have a grid connection for at least a kilometer.Engie’s acquisition of Mobisol this month and a $50 million investment in BBOXX in August have highlighted the massive potential of Africa’s off-grid power market. But rural electrification is also a significant opportunity in Latin America.
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