Posted on :Wednesday , 19th January 2022
The Development Bank of Rwanda (BRD) is seeking consultants to prepare the 3rd tender of the $48.9 million Renewable Energy Fund (REF).
The initiative aims to deploy PV and mini-hydro grids with a capacity of 10 kW to 1 MW across the country. These hybrid mini-grids will be coupled with battery storage.
The selected consultant will be responsible for evalua. . .
Posted on :Friday , 17th September 2021
Investments in renewable energy have increased tenfold in Rwanda in the recent years. According to the European Union GET.invest programme, these investments have been made more with international capital and foreign currency. â€œLocal currency financing is one of the missing links to boost investment flows into renewable energy,â€ says GET.invest. The programme is. . .
Posted on :Tuesday , 27th October 2020
Engie Africa launched a pilot project earlier this month to provide purified water, power and Wi-Fi to off-grid communities in Kigali, Rwanda. The project is being developed through a partnership between Engie Energy Access and OffGridBox, a water and solar company founded in 2016 with offices in Rwanda and the United States. The project ultimately aims to supply 18% of households in Kigali tha. . .
Posted on :Tuesday , 6th October 2020
The Government of Rwanda through BRD in alliance with the World Bank, and Swedish International cooperation agency SIDA ,have recently launched a subsidy window and Guarantee framework to offer credit facilities to SACCO's, Banks and microfinance institutions that will lend to households for off grid connections.
The World Bank permitted a U$15million subsidy that is projected to benefit. . .
Posted on :Wednesday , 5th August 2020
The Development Bank of Rwanda (BRD), the World Bank, and the Swedish International Development Agency (SIDA) have broadcasted a strategic fund raising and partnership to raise capital for Ignite Power.
Ignite Power is a Rwandan renewable energy firm with investment in solar energy. The firm also has presence in other African countries.
The new agreement is aimed at raising funds . . .