HomeIndustry SectorsFinance and PolicyGlobal solar company secures funding to expand footprint in Ghana

Global solar company secures funding to expand footprint in Ghana

German-based solar company, REDAVIA, with subsidiaries across Africa, is set to expand the leasing of solar assets in Ghana.

The solar company has secured $2 million debt financing from ElectriFI to be invested in Ghana in conjunction with the recently signed $4 million innovative debt financing deal from responsAbility Investments AG.

The company targets the local business community including agro-foods processing, manufacturing, public infrastructure, as well as hospitality and real estate companies.

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 farms and lease arrangements show high flexibility and levels of performance. We are thrilled to be part of the journey.”

Solar PV assets

“The investment will bring around 15 MWp of solar PV assets to commercial and industrial off-takers such as educational institutions, agro-foods and manufacturing companies in Ghana,” elaborated Quentin Antoine, Senior Investment Officer, ElectriFI. Read more: Proof that Africa holds the world’s energy investment inventory

“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, REDAVIA.

“ElectriFI’s funding will be a stepping stone towards the international expansion of our successful delivery model in Ghana,” Spolders added.

Guest Contributor
The views expressed in this article by the author are not necessarily those of the publishers and/or association partners. While every effort is made to ensure accuracy, the publisher and editors cannot be held responsible for any inaccurate information supplied and/or published.