ElectriFI Supports Redavia's Expansion in Ghana's C&I Sector

  • Jan 09, 2019
  • ENF

In order to further expand the leasing of solar assets in Ghana, Redavia Global Asset SCA secured a USD2m debt financing from ElectriFI to be invested in Ghana in conjunction with the recently signed USD4m innovative debt financing deal from responsAbility Investments AG.

The Redavia solar farm is based on a pre-configured system. It is easy to ship, set up, scale and redeploy. Flexible lease agreements allow customers a cost-effective, reliable and clean energy solution with just a minimal upfront investment, and operational adaptability to market changes.

Redavia solar power enables a seamless integration into the existing electricity supply infrastructure of a business or community to ensure a more cost-effective and cleaner energy mix – with diesel generators, in a battery set-up or as a reliable complement to grid-connected power. As such, Redavia is supporting the reduction of carbon emissions and increasing the impact on a sustainable society.

Dominiek Deconinck, ElectriFI Fund Manager, declared: "We are delighted to partner with Redavia to bring reliable, affordable and clean electricity to the local business community in Ghana. Redavia's solar farm and lease arrangements show high flexibility and levels of performance. We are thrilled to be part of the journey."

"The investment will bring around 15 MWp of solar PV assets to commercial and industrial off-takers such as educational institutions, agro-foods processing and manufacturing companies in Ghana," elaborated Quentin Antoine, Senior Investment Officer at ElectriFI.

"We are very proud of our footprint in Ghana so far and the benefits that we are able to deliver to our customers," stated Erwin Spolders, CEO and Founder of Redavia. "ElectriFI's funding will be a stepping stone towards the international expansion of our successful delivery model in Ghana. ElectriFI's trust and support are therefore equally an acknowledgement and an obligation to make even further strides and expand our position in the country and beyond."

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