The African Development Bank (AfDB) and the Asian Infrastructure Investment Bank (AIIB) have announced a $300 million initiative to expand clean energy access across Rwanda. The program is designed to deliver 200,000 new electricity grid connections and 50,000 home solar systems for low-income households. It will also provide 100,000 clean cooking solutions and install around 2,000 solar water heaters for both households and small businesses, while improving electricity supply quality for 850 commercial and industrial clients.
This results-based financing initiative combines $200 million from the AfDB and $100 million from the AIIB, with disbursements tied to verified achievement of program targets. The program is expected to generate at least 6,000 direct and indirect jobs, boosting local employment while fostering sustainable energy growth across the country.
The clean energy expansion builds on previous AfDB initiatives in Africa, including the launch of a renewable energy platform in partnership with PowerGen Renewable Energy to deploy 120 MW of renewable capacity and battery storage across multiple African countries. Additionally, the AfDB, IFC, and other partners have established the Zafiri Fund to mobilize up to $1 billion for decentralized renewable energy access, benefiting millions across the continent. Technical assistance provided by AfDB is helping 13 African nations turn national energy plans into new electricity connections, ensuring that investments translate into tangible improvements in access and reliability.
By integrating grid expansion, home solar installations, and clean cooking technologies, this program strengthens Rwanda’s energy infrastructure, promotes sustainable development, and contributes to economic growth through job creation and improved energy reliability.
