Financial instrument launched to accelerate solar in Rwanda

Solar Securitization for Rwanda is a tradable solar asset-backed security that can accelerate the deployment of solar home systems in East Africa, by helping solar developers reduce their leverage and access capital for expansion. At scale, it can provide clean energy access to 2 million households in Rwanda and neighboring countries, translating into a $ 100m size instrument.

The initiative will be led by the Development Bank of Rwanda and the Lab will open a call for ideas for  in mid-October for next year’s cycle, where it will be targeting ideas to drive investment for climate action in developing countries.

Read more: Power Engineering International



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