Renewable energy developers and entrepreneurs in Rwanda have less than a week to submit their applications to win funding worth $7 million. Applications for the ACF 2017 competition have only until the May 12 deadline to get their bids in.
The ACF competition, organized by Access Power, is a financial support mechanism designed to provide local developers and entrepreneurs with the technical expertise and funding required to implement their renewable energy projects. This is the third edition of the contest.
The winners of ACF 2017 will be announced on June 7 during the Africa Energy Forum in Copenhagen, a statement said.
Access Power will take an equity stake in the projects and commence independently funding their third-party development costs, such as feasibility studies, grid studies, environmental and social impact assessments.