- ARC Power has announced a significant equity investment of US$10 million from Oikocredit and Triodos Investment Management . The funding will enable ARC Power to accelerate its mission of providing grid-connected clean energy access to over 100,000 people across Rwanda, in the first phase, representing more than 30,000 households who will receive access to power for the first time.
In June this year ARC Power, a leading British renewable energy developer, is proud to announce the signing of a momentous Strategic Power Partnership with the Government of Rwanda. This historic collaboration marks the first-of-its-kind initiative, where ARC Power will work hand in hand with the government to develop the grid extension and deploy grid-tied solar generation units across Rwanda.
The US$10 million investment will be used to expand the company’s operations and implement the grid expansion and grid-tied distributed renewable energy generation assets across the country.
Author: Bryan Groenendaal