Bboxx secures $8 million loan to boost Rwanda operations

London-based off-grid solar system supplier Bboxx has secured an $8 million loan to further its operations in Rwanda. The loan, denominated in Rwanda’s currency the Rwandan-franc, was provided by the African Development Bank through its Facility for Energy Inclusion’s Off-Grid Energy Access Funds.

As the Bboxx business model involves customers paying for solar systems on a pay-as-you-go basis, depending on how much energy is used, currency fluctuations over many years can have negative impacts on the supplier’s balance sheet.

Source: PV Magazine

 


 

Print Friendly, PDF & Email