Browsing: Rwanda Investment Climate Programme

Rwanda’s solar energy ambition received an endorsement of a financial instrument from the Global Innovation Lab for Climate Finance.

According to the Global Innovation Lab for Climate Finance, the first boost will be US$ 9 million and will enable the deployment of solar home systems for 175,000 households

The institution approved the piloting of solar securitisation, which seeks to improve the financial capacities of developers to enable them to expand and meet the demands in the local market.

Rwanda targets to connect 300,000 households annually to the off-grid energy solutions if it is to meet the 2024 access target which will contribute up to 48 per cent of national electrification.

Among the challenges include the fact that the systems are financed by customers whose sales have been relying on the solar developers’ ability to leverage their own balance sheets which are often constrained.

The firms have often found challenges …