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
Brief description of the client and project
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.
Funding objective
ElectriFI to support REDAVIA C&I solar rental expansion in Ghana.
Why ElectriFi wants to fund this project
REDAVIA plays a catalytic role in bringing solar PV solutions to medium-sized enterprises in Ghana. It revolutionizes the energy access and brings strong economic benefits for the off-takers.
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
Brief description of the client and project
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.
Funding objective
EDFI ElectriFI supports REDAVIA C&I solar rental expansion in Ghana and Kenya
Why ElectriFi wants to fund this project
REDAVIA plays a catalytic role in bringing solar PV solutions to medium-sized enterprises in Ghana and Kenya. It revolutionizes the energy access and brings strong economic benefits for the off-takers.
REDAVIA at a glance
Learn more: www.redavaiasolar.com
- Number of beneficiaries
- 37,662
- Annual output (MWh/y)
- 13,957
- GHG avoidance (tCOeq/y)
- 18,144
Impact
- Beneficiary
- Redavia
- Financing instrument
- Senior Debt
- Amount
- USD 2 million
- Country
- Ghana
- Technology
- Solar PV
- Business model
- Captive Power Plant
- Year
- 2018
- Facility
- ElectriFI Global