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Rwanda has jumped 11 places over last year's performance, says the BNEF study, presented in conjunction with the Africa Green Growth Forum, which is being held 26-30 November in Kigali, Rwanda.
Among the factors that contributed to this good performance included the growth of the off-grid (off-grid) internal market.
"In 2017, more than 185,000 solar home systems and nearly 300,000 solar lamps were distributed across the country," reads the report, noting that the national electricity company, Rwanda Energy Group, has been very cooperative in establishing demarcation zones, specifically for the implementation of off-grid solutions.
"A mobilization that falls within the scope of government ambitions to electrify 48% of people thanks to off-grid by 2024," notes the study.
Over the last 7 years, the national electrification rate has quadrupled, from 10% in 2010 to 40% in 2017. The country wants to achieve universal access to energy by 2024.
In addition, the Climatescope report reveals that emerging countries are leaders in the global transition to clean energy, saying that in 2017, emerging countries have installed 114 GW (gigawatts) of new energy production capacity "zero carbon", almost twice as much as the developed countries of the Organization for Economic Co-operation and Development (63 GW).
Top 10 in the 2018 rankings include Chile, India, Jordan, Brazil, Rwanda, the Philippines, China, Mexico, Peru and Thailand.
The Climatescope Report is an interactive study that assesses investment conditions and opportunities in the renewable energy sector as well as climate-related investments around the world.
The study provides an overview of the clean energy economy including public policies and financing strategies. The study profiles some 100 countries around the world and assesses their ability to attract capital for low-carbon energy sources.
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