Posted On: 2020-04-17
Below 50 KW capacity mini-grids dominated the Rwanda mini-grid market in 2019– 6Wresearch
Rwanda mini-grid market is anticipated to witness a period of slowdown owing to the global recession triggered by the coronavirus pandemic which is anticipated to have a detrimental impact on the procurement of raw materials and imports in Rwanda, thereby contributing to the overall decline in the market. However, the Rwanda mini-grid is anticipated to grow at a steady pace post-2020 as the economy of the country starts to stabilize post the COVID-19 crisis.
According to 6Wresearch, Rwanda mini-grid market size is projected to grow at a CAGR of 20.4% during 2020-26. Growing power demand and ambitious energy targets would drive the Rwanda mini-grid market in the forecast period. The government of Rwanda has set up a target of 100% electrification by 2024 out of which 48% of the electrification target is anticipated to be achieved by off-grid solutions such as mini-grids and solar house systems. These aforementioned developments are anticipated to boost the growth of the mini-grid industry in the country during the forecast period.
According to Prithu Chawla, Senior Research Analyst, Research and Consulting, 6Wresearch, “Numerous government initiatives and international organizations operating in Rwanda are providing active financial support to mini-grid developers such as the RBF (ENDEV), World Bank’s REF and Scaling Up Off-Grid Energy in Rwanda (SOGER) by Swedish International Development Cooperation Agency (SIDA). These organizations have addressed the major financing problem of the industry and have opened up various prospects for the rapid growth of the mini-grid industry of Rwanda in the coming years”.
According to Sahil Sharma, Research Associate, Research and Consulting, 6Wresearch, “Electrification and construction remain one of the major goals under the Rwanda Vision 2050, this has resulted in the growth potential for application of mini-grid systems in rural areas of the country which are not connected by the national grid. Additionally, declining prices of solar PV modules and environmental concerns are anticipated to drive the growth of solar and solar hybrid mini-grids.”
Some of the major companies in Rwanda mini-grid market include Meshpower, Absolute Energy, and NESELTEC.
"Rwanda mini-grid market (2020-2026)" provides an in-depth analysis with 13 figures covered in 64 pages. The report estimates and forecasts the overall Rwanda mini-grid market by type and capacity. The report provides an unbiased and detailed analysis of the Rwanda mini-grid market on-going trends, outlook, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.