ARC Power is a leading provider of sustainable and clean energy solutions. The strategic funding by Triodos Investment Management (Triodos IM) and Oikocredit 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.
ARC Power's mission is to make energy accessible and affordable for all Rwandans in parallel to increasing the clean energy mix of Rwanda. The investment from OikoCredit and Triodos IM – through its Triodos Emerging Markets Renewable Energy Fund and Triodos Groenfonds – will play a pivotal role in achieving this goal under the framework of the recently signed Strategic Power Partnership between ARC Power and the Government of Rwanda. The USD 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.
Rwanda has been committed to increasing access to electricity and reducing its carbon footprint in line with the 2024 targets. “ARC Power's innovative hybrid model, providing both off-grid and on-grid clean energy solutions, aligns perfectly with these goals”, explains Marius Groenenberg, Principal Investment Manager at Triodos Investment Management. “The company provides not only reliable electricity but also contributes to the reduction of greenhouse gas emissions and is therefore a great match with us”.