Overview
REF Window 5
In a move to increase Solar Home System (SHS) installations and electrification of households in rural areas of Rwanda, the Renewable Energy Fund (REF) and Rwanda Energy Access and Quality Improvement Project (EAQIP) off-grid component 3a implemented by the Development Bank of Rwanda Plc. have launched a Results-based Financing (RBF) subsidy called “RBF Window 5”.
The Subsidy is designed to address the affordability of SHS faced by rural households through the reduction of prices for the systems at varying amounts allocated to Ubudehe 1, 2, and 3 categories with the aim of reaching the lowest income population in Rwanda.
The FRW 29.24 billion (US$ 30 million) subsidy window is funded by the World Bank and is expected to trigger at least 370,000 off-grid connections. It is expected that this RBF facility will boost uptake of REF funds thus enabling the project to connect Rwandan households using off-grid solutions. The subsidy will be channeled through eligible Off-grid Solar Companies (OSCs) that have signed a Memorandum of Understanding with EDCL and the supplied SHSs must be meeting the Ministerial Guidelines on Minimum Standards Requirements for Solar Home Systems that was published in June 2019.
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