The 8.5MW project, located 60km from the capital of Kigali near a village set up for orphans of the 1994 genocide, started producing electricity last autumn under a 25-year power purchase agreement (PPA) with the Rwanda Energy, Water and Sanitation Authority (EWSA).
Built at a cost of $23.7m, the PV plant brought together an international consortium of financing partners.
Debt was provided by the Netherlands Development Finance and London-based Emerging Africa Infrastructure Fund, with mezzanine debt underwritten by Norwegian Investment Fund for Developing Countries Norfund.
Equity
