Friday
November 17
2017

Rwanda: renewables sector receives $50m investment

The New Times highlighted that this intervention comes barely a month after local players in the renewable energy sector under their umbrella body, Energy Private Developers, had come out seeking financing to help meet national targets.

A section of the funds will also be used to enable access to credit facilities to mini-grids and developers in the sector.

The fund will allow a section of Savings and Credit Cooperatives Societies (SACCOs), commercial and micro-finance institutions to provide affordable loans to their clients to purchase certified solar systems.

Photo courtesy of Sameer Halai.

Source: ESI Africa (link opens in a new window)

Categories
Energy, Investing
Tags
development finance, energy sector, green energy, impact investing, investors, Off Grid Energy, renewable energy, Rwanda, solar energy