Back to all projects
project

Redavia

Country
Ghana
Technology
Solar PV
Business model
CPP

Contract signature date: December 2018 (exited in 2022) + Follow-on investment in 2022
Total ElectriFI financing: USD 2 m + USD 3.1m
Environmental and Social Category: B

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

About the project:

EDFI 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.

Investment disclosure 2018

 

About the 2022 follow-on investment

Allocation: mainly on the Kenya Country Window ($2m of $3.1m).
Countries: Ghana and Kenya
Signature: April 2022
Financing: USD 3.1m

Environmental and Social Category: B

About the project

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.

REDAVIA offers rental solar power for businesses in 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.

At a glance

Investment disclosure 2022

Learn more 

Impact

Number of beneficiaries
157,216
Annual output (MWh/y)
23,120
GHG avoidance (tCOeq/y)
9528

Key indicators

Beneficiary
Redavia
Financing instrument
Senior Debt
Amount
USD 3,1m (EUR 2.67m)
Country
Ghana & Kenya
Technology
Solar PV
Business model
Captive Power Plant
Year
2022
Facility
ElectriFI global + Country Windows Kenya

Related News
Stay informed about
Our new investments
More info ?Contact Us !
Contact