Rwanda to Invest $50 Million on Renewable Energy

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· $50 million to catalyse private sector’s investment in off-grid energy solutions.

· To increase electricity access in the country by about 19 percent.

· The fund will allow a section of SACCOs, commercial and micro-finance institutions provide affordable loans to their clients to purchase certified solar systems.

· Off-grid solutions will particularly target rural areas that have the least access to energy.

The intervention comes barely a month after local players in the renewable energy sector under their umbrella body, Energy Private Developers, had come out seeking to finance to help meet national targets.