Italy is strengthening its climate cooperation with Rwanda through a €30 million package supporting renewable energy, electric mobility and resilient urban infrastructure under the Italian Climate Fund.
Italy’s Ministry of the Environment and Energy Security is supporting renewable energy, sustainable mobility and climate adaptation projects in Rwanda through a €30 million package from the Italian Climate Fund, aimed at delivering measurable results and operational support for economic development.
The resources, managed by Cassa Depositi e Prestiti, CDP, in favour of Banque Rwandaise de Développement, BRD, will finance high-impact projects that are ready for immediate implementation.
The agreement was signed in Kigali by Davide Petrangeli, Head of Financing for Multilateral Institutions and Public Development Banks for Development Cooperation at CDP, and Stella Rusine Nteziryayo, CEO of Banque Rwandaise de Développement, during the Africa CEO Forum, confirming the strategic importance of the initiative within the framework of bilateral cooperation between Italy and Rwanda.
The financing will support hydropower plants, strengthen electric mobility, modernise public transport and back projects aimed at creating greener, safer and more resilient cities, with tangible effects on services, investment and quality of life.
“Through this operation, we are turning resources into concrete investments: more clean energy, more sustainable mobility, more urban resilience,” said Italy’s Minister of the Environment and Energy Security, Gilberto Pichetto. “These funds are not just aid, but an operational lever to activate economic development, employment and new opportunities in partner countries.”
The operation is part of the Government of Rwanda’s IREME Investment Facility and confirms the role of MASE in directing the Italian Climate Fund towards investments capable of delivering real impacts on sustainable growth, infrastructure and resilience.
“The agreement with Banque Rwandaise de Développement represents a strategic step for Cassa Depositi e Prestiti in strengthening its commitment to tackling climate change and supporting the green transition in partner countries. Through the Italian Climate Fund, the initiative helps mobilise resources for high-impact environmental projects, promoting sustainable and resilient growth in line with Rwanda’s climate priorities and Italy’s international commitments,” said Carlo Rossotto, Director of Development Cooperation and International Institutional Relations at Cassa Depositi e Prestiti.
“This partnership reflects our firm commitment to financing Rwanda’s green and sustainable future. Through this agreement, we are closing critical financing gaps and unlocking the potential of the private sector as the main driver of our green transition. Together, we are ensuring that Rwanda’s growth is inclusive and environmentally sustainable for future generations,” said Stella Nkusi Nteziryayo, CEO of Banque Rwandaise de Développement.
Press release from the Ministry of Environment and Energy Security
