Redavia

Redavia

STATUS: Contract Signed

Publication date: 2 January 2019
Region: Sub Saharan Africa
Country: Ghana
Sector:  Solar PV
Total ElectriFI financing: US$ 2,000,000
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 to solar PV solutions to medium-sized enterprises in Ghana. It revolutionizes the energy access and brings strong economic benefits for the off-takers.

Environmental and social rationale: Which IFC PSs are triggered and the rationale behind it

The Project is rated category B. Activities come with potential limited adverse risks associated with waste management and labour conditions.

IFC Performance Standards 1 to 4 are triggered. These are expected to be mitigated appropriately via the Environmental and Social Management Plans of the company.

Disclaimer

The information as disclosed is indicative and provided on an “as-is/as available” basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of ElectriFI in its sole and absolute discretion.

In case of questions

This approved investment is online for 30 days. In case of questions, please contact info@edfimc.eu.