The developing world is displaying huge potential to take part in and influence the global market, and Rwanda is a key, growing economy in the East African area, evolving into a lucrative hub for energy-related investments.
Approximately 1.3 billion people worldwide don’t have access to basic electricity and energy poverty is a fundamental concern in Sub-Saharan Africa. However, renewables are helping to address this issue, with solar energy playing a crucial role. Research studying 55 developing nations in Africa, Asia, Latin America and the Caribbean found that last year investment in renewables reached $126 billion, an increase of 39% on 2013. Electricity was especially limited in Rwanda in 2013, with only 110 megawatts of capacity for its population of 12 million, causing a trade and industry blackout.