funding gap emerging markets
Ghana

REDAVIA GmbH

  • REDAVIA GmbH
  • Directe investering
  • + 772 mede-investeerders
  • With a loan of EUR 500,000 REDAVIA will pre-finance, procure, import and install 10 solar units of 84 kWp each for 10 commercial customers in Ghana.

    €500.000
    Leenbedrag
    5,50%
    Rente
    18 mnden
    Looptijd
    6 mnden
    Terugbetalingen
    EUR
    Valuta
    Leenbedrag€500.000
    Rente5,50%
    Looptijd18 mnden
    Terugbetalingen6 mnden
    ValutaEUR
      100%
      Volledig gefinancierd in 6 dagen op 31 juli 2019.
      Kies bedrag
      Investeer vanaf €50
      Gemiddelde investering
      Gebaseerd op alle investeringen in het verleden bij Lendahand
      Maak financiering rond
      Project wordt volledig gefinancierd

      Overzicht

      IMPORTANT NOTE: high risk product - direct loan to renewable energy product distribution company. No local financial institution in between to cover risks.

      Basic info:

      Issuer:                                       REDAVIA GmbH
      Currency:                                 EURO
      Amount:                                   EUR 500,000 senior debt
      Maturity:                                  18 months, semi-annually and linearly amortizing  
      Interest rate:                            5.5% p.a.
       

      Direct investment

      This is a direct investment in a company (rather than lending to a financial institution) and therefore it is recommendable that you are careful with the amount you will invest. 

      Documentation

      ·         Information document of the issuer

      Summary

      REDAVIA is an industry leader in solar power. We 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, our REDAVIA-trained, local specialists manage the installation, operations and maintenance of each solar farm.

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

      Watch the intro movie here

      The project

      REDAVIA’s solar plants give commercial and industrial (C&I) companies in Ghana access to clean and affordable energy. With a €500,000 loan, REDAVIA will pre-finance, procure, import and install 10 solar Units of 84 kWp each into leases with (C&I) customers in Ghana. To date, REDAVIA has installed 21 solar Units and operates them in line with Ghanaian regulations under lease-to-own contracts, with an average lease term of 12 years. Twenty-five further solar Units have been contracted, and REDAVIA has already ordered 14 Units to supply the open contracts. Regional Maritime University, Movelle Company (agrofoods business, specifically fish trading) and Special Ice Company Ltd (soft drink factory) are among the customers who will receive these Units. This loan will enable the companies to use up to 1200 MWhs per year of clean energy, impacting a total of 15 000 employees and other stakeholders. We are especially proud of extending the reach of our clean energy further into Regional Maritime University housing and being able to use our solar Units as a training ground for students in their engineering classes.

      The 10 solar Units to-be-funded follow REDAVIA’s standardized specifications of the FTS-80GM. Five 40-foot containers will be packed with solar panels, prefabricated aluminium frame structures, inverter systems and cabling to connect the panels to strings and to the inverters; the containers will then be shipped to Ghana. Further cabling, concrete blocks and other local material is purchased in Ghana and expedited to the customer site. Once the material has arrived, the container is unpacked, and a solar plant is installed within 2 days.

      REDAVIA expects to deploy around 5 MWp of solar capacity per year to leases in Ghana for the next three years.

      Impact

      In Ghana to-date:

      • REDAVIA has produced 1500 MWhs of clean energy and each solar Unit adds p.a. 120 MWhs
      • In total, this accumulates to 650 tons of CO2 abated with each solar Unit reducing another p.a. 55 tons of CO2
      • REDAVIA’s customer portfolio in Ghana gives more than 17 000 workers and residents access to clean energy.
      • REDAVIA’s customers not only own the solar equipment after the lease contract is complete, but also achieve > 5% of monthly savings on the energy delivered, i.e. an average of a hundred US Dollars per month per solar Unit of 84 kWp. Customers can reinvest these savings into their businesses for further growth. 
      • REDAVIA works with the Regional Maritime University to support RMU’s newly accredited ‘Renewable Energy Engineering’ curriculum, which aims to educate and prepare students for engineering jobs in the renewable sector, ensuring ongoing, sustainable development in Ghana, as well as contributing to the creation of jobs and wealth within the country.
      • REDAVIA hired 5 local team members and trained them along with more than 20 contractors and suppliers.

      Description of Vision & Mission:    

      Our vision is to be the global market leader of cost-effective, reliable lease-to-own solar power solutions for businesses and communities, reducing emissions by over 100k tonnes/year and providing clean electricity access to around 650k people by the end of 2021.

      Our mission is to provide cost-effective, reliable and clean solar energy, enabling businesses and communities to grow sustainably.

      Management team:

      Erwin Spolders, Chief Executive Officer:

      Erwin Spolders is the CEO and founder of REDAVIA. Erwin has over 12 years of experience in solar farm construction and sustainability measures. Prior to founding REDAVIA, Erwin was a director of Q-Cells’ solar farm construction business for the EMEA region. Before, he led McKinsey & Company’s activities surrounding the business impact of climate change. Erwin earned his bachelor’s degree in Business and International Relations from the University of Virginia and his MBA in Finance, Marketing and Entrepreneurship from the Wharton School, University of Pennsylvania in the U.S.

      Oliver Keilhack, Chief Financial Officer:

      Oliver Keilhack is the CFO of REDAVIA and has over 20 years of experience in entrepreneurial finance. He has had CFO positions in a series of venture capital driven biotech and high-tech organizations, including German clean-tech venture Micropelt and oncology diagnostics venture AdnaGen. Previously, Oliver was a board member at Trade2B and involved in the SynerTrade Group, after spending a number of years in international, executive roles at Mannesmann. Oliver earned a master’s degree in Business and Administration from WHU – Otto Beisheim School of Management in Germany.

      Alexander Harpe, Chief Sales Officer:

      Dr. Alexander Harpe is the CSO of REDAVIA and has over 20 years of experience in sales and corporate business development. Alexander’s long-standing, international career has included senior executive roles at Forrester, Fujitsu, IMS, Accenture, and IBM Global Business Services. He earned his bachelor’s degree in Political Science and Information Technology from the Ludwig-Maximilian University of Munich, Germany, his PhD in Electrical and Optoelectronic Engineering from the University of Oxford, England and his MBA in International Finance, Marketing and Strategic Management from the Wharton School, University of Pennsylvania in the U.S.

      Highlights or Awards:

      • Frost & Sullivan’s Best Practices Award 2014

      Previous realized projects: https://www.redaviasolar.com/

      BedrijfsnaamREDAVIA GmbH
      DirecteurErwin Spolders
      Opgericht2011-10-17
      LocatieMunich
      SectorDuurzame energie projecten
      Omzet€844.000
      Werknemers20

      Impact

      Redavia levert zonneparken aan bedrijven in Oost-Afrika. Hierdoor kunnen deze ondernemers  hun energiekosten aanzienlijk verlagen, de CO2-uitstoot verminderen en productiviteit verhogen. De voordelen van zonne-energie maken het voor bedrijven mogelijk om te groeien en meer lokaal personeel aan te nemen. Inmiddels heeft Redavia 25 zonneparken geïnstalleerd en in onderhoud in Ghana, Kenia en Tanzania. Redavia creëerde dusver een positieve impact op het leven van 25,000 mensen door hen toegang te verlenen tot schone energie en broodnodige banen te creëren.

      Samen met de Regional Maritime University, begeleidt Redavia ingenieursstudenten richting banen in de hernieuwbare energiesector om voor een blijvende, duurzame ontwikkeling te zorgen in Ghana.

       

      SDG bijdrage

      Met dit project draag je bij aan de volgende VN Duurzame Ontwikkelingsdoelen:

      SDG 1 - Geen armoede

      SDG 7 - Betaalbare en duurzame energie

      SDG 8 - Waardig werk en economische groei

      SDG 12 - Verantwoorde consumptie en productie

      SDG 13 - Klimaatactie

      Lees meer over de impact die Lendahand creëert en de SDG’s op onze impact pagina.

       

      Gerelateerde blogposts

      • We bezochten een Redavia solar farm in Kenia en zagen de impact die het creëert voor een bedrijf en lokale gemeenschap vanaf de eerste rij. We schreven erover in dit artikel.
         
      • Meer weten over het werk van REDAVIA? Lees ons e-mailinterview met Erwin Spolders, CEO van Redavia, hier (in het Engels).
      • Met deze lening worden 15000 levens verbeterd
      • Met deze lening worden 10 solar home systems geïnstalleerd
      • Met deze lening wordt 550 ton CO2 gereduceerd

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      Wij lenen al uit aan REDAVIA GmbH

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