KfW, RMB create specialised debt fund vehicle for small-scale renewables projects

German government-owned KfW Development Bank and Rand Merchant Bank (RMB) on Thursday signed an agreement that establishes South Africa’s first specialised debt fund vehicle for small-scale renewables projects. Known as The Facility for Investment in Renewable Small Transactions (First), this independent, special purpose facility will make finance available for small-scale renewable energy projects that have found it challenging to access affordable funding from commercial investors.