World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Leasing scheme will finance “green” fridge technology

Rwandan environment minister Vincent Biruta answers media questions at the launch of Coolease

RWANDA: A new leasing scheme introduced in Rwanda will enable suppliers and consumers of air conditioning and refrigerations products to transition to the latest technology without an upfront investment.

The Coolease scheme, one of the first of its kind in Africa, will promote the adoption of energy efficient and climate friendly cooling solutions in Rwanda. It is in line with the Kigali Amendment to the Montreal Protocol, which requires all nations to phase down HFC refrigerants.

The scheme has been developed through the Rwanda Cooling Initiative (R-COOL) and launched yesterday by Rwanda’s Business Development Fund (BDF), in partnership with the Rwanda Green Fund (FONERWA), UN Environment’s United for Efficiency initiative and the Basel Agency for Sustainable Energy (BASE). It aims to overcome the challenges of the high costs and high-risk perception of energy-efficient products, competition with substandard and cheap equipment and the lack of accessible financing for the latest cooling technologies.

A dedicated leasing subsidiary is being set up by Rwanda’s Business Development Fund to act as a vehicle to finance the cooling system for the client in exchange for monthly payments. Embedded into the Coolease agreement is for the technology provider to install the equipment and commit to providing on-going maintenance.

Latest News

25th February 2024

Home heat pump install for newly-trained engineers

UK: A UK charity is proposing to give newly trained heat pump installers an air-source heat pump to install in their own home.
23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.
22nd February 2024

Large capacity ULT chiller using neon refrigerant

SOUTH KOREA: Researchers claim to have developed a large capacity ultra-low temperature industrial chiller which, in tests, has achieved a 10kW cooling performance at -100℃.
21st February 2024

CCF publishes election manifesto

UK: In a new manifesto ahead of this year’s general election, the Cold Chain Federation (CCF) is calling for future government’s to take action to recognise the industry’s crucial contributions.
21st February 2024

Sanhua extends expansion valve applications

SPAIN: Sanhua’s SEC HD electric expansion valve controller is now compatible for a variety of applications with 29 commonly used refrigerants, including CO2, hydrocarbons and HFCs. 
20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.