Arc Power has funds to continue implementing its clean energy expansion plan in Rwanda. The London, UK-based company has just secured $10 million in funding from Dutch investment company Triodos Investment Management and its compatriot Oikocredit.
The funding will support the development of Arc Power’s activities in Rwanda, through its clean energy expansion plan. In its first phase, the company led by Karl Boyce aims to provide access to electricity for 100,000 people, or more than 30,000 Rwandan households. Arc Power “not only provides reliable electricity, but also helps to reduce greenhouse gas (GHG) emissions”, explains Marius Groenenberg, Principal Investment Manager at Triodos.