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