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.