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project

Redavia

Country
Ghana
Technology
Solar PV
Business model
CPP

ElectriFI contracted a USD 2 million senior debt to support REDAVIA C&I solar rental expansion in Ghana in December 2018 and additional USD 3.1 m in April 2022 to support REDAVIA C&I solar rental expansion in Ghana and Kenya.

First investment:

  • Contract signature date: December 2018
  • Total ElectriFI financing: USD 2 m
  • Status: exited

Follow on investment:

  • Contract signature date: April 2022
  • Countries: Ghana and Kenya
  • Total ElectriFI financing: USD 3.1m (Kenya Country Window USD2m and global  USD1.1m)

Environmental and Social Category: B

*(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

About the project:

ElectriFI contracted a USD 2 million senior debt to support REDAVIA C&I solar rental expansion in Ghana.

REDAVIA offers rental solar power for businesses and communities – with a regional focus on East and West Africa. The REDAVIA system is based on a preconfigured container model, including high-performance solar modules and high-quality electrical components. It is easy to ship, set up, scale and redeploy. Businesses and communities benefit from a cost-effective clean energy solution without the need for upfront investment or technical skills, supporting the reduction of carbon emissions and increasing the impact on a sustainable society. After a first USD 2 million investment in REDAVIA in 2018, EDFI ElectriFI committed USD 3.1 million to support REDAVIA C&I solar rental expansion in Ghana and Kenya.

At a glance

Investment disclosure 2018

Investment disclosure 2022

Learn more 

Impact

Number of beneficiaries
157 216
Annual output (MWh/y)
23 120
GHG avoidance (tCOeq/y)
9 528

Key indicators

Beneficiary
Redavia
Financing instrument
Senior Debt
Amount
USD 2m in 2018+USD3.1m in 2022
Country
Ghana & Kenya
Technology
Solar PV
Business model
Captive Power Plant
Year
2018 and 2022
Facility
ElectriFI global + Country Windows Kenya

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