project

Redavia

Country: Ghana
Technology: Solar PV
Business model: CPP

ElectriFI contracted a USD 2 million senior debt to support REDAVIA C&I solar rental expansion in Ghana in December 2018 and additional USD 3.1 m in April 2022 to support REDAVIA C&I solar rental expansion in Ghana and Kenya.

First investment:

Contract signature date: December 2018
Total ElectriFI financing: USD 2 m
Status: exited

Follow on investment:

Contract signature date: April 2022
Countries: Ghana and Kenya
Total ElectriFI financing: USD 3.1m (Kenya Country Window USD2m and global USD1.1m)

Environmental and Social Category: B

*(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

About the project:

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. 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.

At a glance