Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
Energy Finance & Investment News in Rwanda
A US$350 million deal has been signed to finance an 80 MW peat-to-power project in Rwanda which aims to increase access to electricity for the three quarters of the country’s population that is currently off the grid.
The African Development Bank Group has recently announced a US$24 million loan to support Rwanda’s contribution to the development of the 147 MW Multinational Ruzizi III Hydropower Project.
The Government of Rwanda has signed power purchase and concessional agreement Hakan, a Turkish company for the development of a 80 MW peat power in Rwanda.
The African Development Bank Group has approved US$138 million of loans and grants toward the Ruzizi III Hydropower Plant.
Symbion Power Lake Kivu Ltd, a subsidiary of Symbion Power LLC, last week signed a 25-year power purchase agreement (PPA) with the Rwanda Energy Group (REG) for a 50 Megawatt (MW) methane gas to power project.
Off-Grid Electric, the world’s leading off-grid energy provider, closed a Series C investment worth $25 million on Wednesday to expand its micro-solar leasing platform in Africa.
The Rwandan Ministry of Infrastructure has announced the signing ceremony of Power Purchase Agreements (PPAs) and Concession Agreements for 22 Micro Hydropower Plants whereby 15 are under leasing and 7 Green Fields.
The Government of Rwanda, through Rwanda Energy Group (REG), has launched a tender process to develop a petroleum storage facility under a 20 year concession agreement.
Energy Utility Corporation Ltd. (EUCL), a subsidiary company of Rwanda Energy Group, invites qualified interested firms to participate in the prequalification process to upgrade hydropower projects through private investment.
The Governments of the Republic of Kenya, the Republic of Uganda and the Republic of Rwanda, through the Joint Steering Committee (JSC), have launched a request for expressions of interest (RFEOI) to develop a feasibility study for the harmonization of 400kV transmission lines in the three countries.
The Government of Rwanda’s Energy Water and Sanitation Authority (EWSA) has awarded Symbion Power a 50 MW Independent Power Production (IPP) project using methane gas from Lake Kivu, Rwanda.