{"id":5758,"date":"2019-10-04T10:33:51","date_gmt":"2019-10-04T07:33:51","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=5758"},"modified":"2026-01-11T05:30:35","modified_gmt":"2026-01-11T05:30:35","slug":"rwandas-solar-energy-ambition-receives-9-million-boost","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/10\/04\/rwandas-solar-energy-ambition-receives-9-million-boost\/","title":{"rendered":"Rwanda\u2019s Solar Energy Ambition Receives $9 Million Boost"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>By&nbsp;Collins Mwai<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rwanda\u2019s energy ambition\nreceived a boost this week following an endorsement of a financial instrument\nby the Global Innovation Lab for Climate Finance that will accelerate the\ndeployment of solar home systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The institution approved the\npiloting of solar securitization in Rwanda, which seeks to improve the\nfinancial capacities of developers to enable them to expand and meet the\ndemands in the local market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rwanda targets to connect\n300,000 households annually to off-grid energy solutions if it is to meet the\n2024 access target.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is anticipated that by\n2024, off-grid solutions will contribute up to 48 per cent of national\nelectrification.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Among the hurdles include the\nfact that considering that systems are financed by customers, sales have been\nrelying on the solar developers\u2019 ability to leverage their own balance sheets\nwhich are often constrained.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The firms have often been\nconstrained due to substantial collateral required by few commercial and\nconcessional funding sources available.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, this is set to\nchange with the financial instrument, solar securitization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By pooling solar home system\nloans into tradable asset-backed security and providing solar developers access\nto more liquid capital markets, the intervention aims at increasing the\ndevelopers\u2019 ability to leverage and allow for a rapid expansion of the solar\nmarket\u2026<a href=\"https:\/\/www.newtimes.co.rw\/business\/rwandas-solar-energy-ambition-receives-9-million-boost\">Read more&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By&nbsp;Collins Mwai Rwanda\u2019s energy ambition received a boost this week following an endorsement of a financial instrument by the Global Innovation Lab for Climate Finance that will accelerate the deployment&hellip;<\/p>\n","protected":false},"author":3,"featured_media":5759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-5758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/5758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=5758"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/5758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/5759"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=5758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=5758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=5758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}