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Redavia Gmbh Issue 12: 5.5% Bond

18 months to mature 5.5% interest

REDAVIA GmbH Issue 12: 5.5% Bond

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invested 592 kWP

£510,000 will enable REDAVIA  to install up to 592 kWp capacity of solar.

households 8 customers

Funds from this raise will provide up to 8 commercial and industrial (C&I) customers in Ghana and Kenya with clean and affordable energy.

REDAVIA is an industry leader in solar power providing both business and communities access to clean and affordable energy through the distribution of their solar farms.

 REDAVIA provides more than just electricity but also spurs business expansion, improves education, and brings employment to developing communities. With a proven track record in cost-effective, reliable and clean energy, REDAVIA is committed to using solar energy as a key driver for sustainable development.

Their vision is to be the global market leader of cost-effective, reliable lease-to-own solar power solutions for businesses, and to go from their current deployment of  around 10 MWp of solar capacity to 100 MWp in the next four to five years.

About REDAVIA GmbH

  • Incorporated in October 2011
  • Head offices in Munich, Germany and local offices in Accra, Ghana and Nairobi, Kenya
  • Has 16 direct employees
  • Commissions standardized, pre-configured solar-farm units for ground-mount, carport and roof-mount
  • At present, REDAVIA operates 135 solar units in Ghana and Kenya, and has further units contracted for distribution
  • REDAVIA have installed more than 10 MWp of solar generation capacity
  • Saves an estimated 4800 tonnes of carbon dioxide emissions each year
  • Has provided more than 40,000 workers and residents with access to clean, sustainable energy
  • Key product information

    Issuer: REDAVIA GmbH

    Issuing Country: Germany

    Investment target: £510,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 18 months

    Expected interest rate: 5.5% per annum

    Withholding tax rate: 0%

    Interest payment frequency: 6 monthly

    Notional repayment: 6 monthly

    Financial instrument: Interest bearing bond

    Security: Secured (For more information regarding security, see page 21 of the Offer Document)

    Key risks

    This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.

    You must read the investment memorandum (provided below) where a full statement of risks is presented.

    Documents

    REDAVIA in the media

    What the project investment will enable

    With the funds from this raise, REDAVIA will pre-finance, procure, import and install up to 8 solar units into leases with commercial and industrial (C&I) customers in Ghana or Kenya. Once the unit is deployed, REDAVIA's trained, local specialists manage the operation and maintenance of each solar farm.


    The solar units to be funded follow REDAVIA’s standardized specifications. The units are prefabricated and shipped to Ghana or Kenya where cabling, concrete blocks and other local materials are purchased and expedited to the customer site. Once the material has arrived, the container is unpacked, and a solar plant is installed within 2 days. The units are then operated in line with Ghanaian and Kenyan regulations under lease-to-own contracts, with an average lease term of 12 years.


    This loan will enable the companies to use up to 785 MWh per year of clean energy. The Regional Maritime University, SGS and Red Sea Housing Services are all organisations who benefit from REDAVIA's solar unit systems. Click on the hyperlinks above to read case studies on each of these companies.

    REDAVIA GmbH

    REDAVIA is looking to raise £510,000 from this bond issue as working capital to help purchase and install up to 8 solar units into leases with C&I customers in Ghana and Kenya.


    To date, REDAVIA has installed 136 solar units and operates them in line with Ghanaian and Kenyan regulations under lease-to-own contracts, with an average lease term of 12 years. To date, the total solar units installed by REDAVIA provide over 10 MWp of solar generation capacity.

    Social and environmental impact

    The installation of solar plants for commercial and industrial (C&I) companies has shown to have both a significant impact on the companies and the environment. To date, REDAVIA has contracted and/or commissioned over 10 MWp in projects and has an impressive 136 solar units installed.

    Social Impact

    Social Impact

    The positive impact of addressing this market gap is immense. The social impact that REDAVIA has made in Kenya and Ghana to-date is:

    40,000

    workers and residents with access to clean energy

    136

    solar units installed

    18,600

    MWh of clean energy

    Environmental Impact

    Environmental impact

    The units REDAVIA deploy are up to 70kWp in size. The environmental impact of installing the full 592kWp capacity from this raise will be:

    785 MWh

    of clean energy produced each year

    845

    total number of employees reached

    212tonnes

    reduction of CO2 each year

    • pdf

      Offer Documents

      REDAVIA Issue 12 Offer Document (Log In to download)

     

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