REDAVIA GmbH

REDAVIA is an industry leader in solar power. They provide solar farms to businesses and communities in West and East Africa. With a proven track record in cost-effective, reliable and clean energy, REDAVIA is committed to using solar energy as a key driver for sustainable development.

The innovative REDAVIA pay-as-you-go system consists of a pre-configured Unit containing solar modules and electrical components. Once the Unit is on-site, the REDAVIA-trained, local specialists manage the installation, operations and maintenance of each solar farm.

REDAVIA's carbon neutral solution can be used to support existing power structures by supplementing the utility grid or on-site diesel generators. Through their flexible lease agreements with a minimal upfront investment, REDAVIA's customers can reduce costs and increase their operational flexibility.

REDAVIA was founded in 2011 by Erwin Spolders. The company is now active in Ghana, Tanzania and Kenya.

General information

BorrowerREDAVIA GmbH
CountryGhana
Head officeMünchen
Websitehttps://www.redaviasolar.com/
Founded27 October 2011
Active on Lendahand since 1 July 2019

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Financial information per 2019-06-01

Total assets€3,491,286
Revenue (per year)€1,150,000
Equity / total assets21.00%
Liquidity69.00%

About Ghana

Ghana has been one of the more stable countries in Western Africa, both politically and economically. The economy of Ghana is rapidly growing and the average income is higher than in neighboring countries. Until 2010 Ghana mainly received hard currency through the export of gold and cacao. More recently timber, diamonds and bauxite have also started becoming export product. Agriculture remains important for Ghana. Self-sustaining agriculture amounts to 35 per cent of the GDP and provides work to about 75 per cent of the working population. The industrial sector mainly serves the domestic market of 24 million with a disposable income of 700 dollars per person. Ghanaians living abroad are also an important economic factor. There is a strong bond between Ghana and the Netherlands. Until 2008 the Netherlands was the main export partner of Ghana.

Most recently funded project

REDAVIA GmbH 3

With a loan of EUR 500,000 REDAVIA will pre-finance, procure, import and install another 10 solar units of 84 kWp each for businesses in Ghana and Kenya.

  • Direct investment
  • 5 new jobs
  • 1000 people reached
  • 10 solar systems installed
  • 550 tons of CO2 reduced

€500,000

Amount

18 months

Maturity

5.50%

Annualized interest
100%
Fully funded in 25 days on 21 January 2020.