Redavia Gmbh Issue 3: 5.5% Bond

18 months to mature 5.5% interest

REDAVIA GmbH Issue 3: 5.5% Bond

£167,000
Raised

132
Investors

0
Days to run

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invested 340 kWP

With a loan of £167,000, REDAVIA will be able to install up to approximately 340 kWp capacity of solar.

households 4 customers

Funds from this raise will provide up to 4 commercial and industrial (C&I) customers 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 solar 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, reducing emissions by over 100k tonnes/year and providing clean electricity access to around 650k people by the end of 2021.

About REDAVIA GmbH

  • Incorporated in October 2011
  • Head offices in Munich, Germany and local offices in Accra, Ghana and Nairobi, Kenya
  • Has 15 direct employees
  • Generated turnover of approximately €1,100,000 in 2019
  • Commissions standardized, pre-configured solar-farm units for ground-mount, carport and roof-mount
  • At present, REDAVIA operates 46 solar units in Ghana and Kenya, has further units contracted for distribution
  • In Ghana and Kenya, the total units installed have produced 3,700 MWhs of clean energy with each new solar Unit adding up to p.a. 120 MWhs
  • Has provided more than 20,000 workers and residents with access to clean, sustainable energy
  • Expects to deploy around 5 MWp of solar capacity per year to leases in Ghana and Kenya for the next three years
  • Winner of the Frost & Sullivan's Best Practices Award
  • Key product information

    Issuer: REDAVIA GmbH

    Issuing Country: Germany

    Investment target: £167,000

    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: Unsecured interest bearing bond

    Security: Recourse over the assets funded via the Energise Africa platform until transferred to the Issuer’s Ghanaian Subsidiary. Recourse over the collection account that must be maintained at any time at a minimum of the total of (principal repayments + interest payments) that will become due in the next 3 months. For more information regarding security, see page 32 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 4 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 4 solar units to be funded follow REDAVIA’s standardized specifications of the FTS-80GM (85kWP), FTS-40CP (50kWp) or FTS-60RM (70kWp). The FTS-80GM is REDAVIA’s premier solar farm solution and is made up of 300 solar panels which take up a 40 x 30m space. 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 380 MWhs per year of clean energy, impacting a total of 400 employees and other stakeholders. 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 £167,000 from this bond issue as working capital to help purchase and install 4 solar units of up to 85 kWp each into leases with C&I customers in Ghana and Kenya.


    To date, REDAVIA has installed 46 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. So far REDAVIA has produced 3,700 MWhs of clean energy resulting in 1,700 tonnes worth of reduction in CO2. REDAVIA expects to deploy around 5 MWp of solar capacity per year to leases in Ghana and Kenya for the next three years.


    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 3.7MWp in projects and has an impressive 46 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 Ghana to-date is:

    20,000

    workers and residents with access to clean energy

    46

    solar units installed

    ~$100

    of monthly savings on energy delivered per 85kWp solar unit

    Environmental Impact

    Environmental impact

    The units REDAVIA deploy are up to 85kWp in size. The environmental impact of installing the full 340kWp capacity from this raise will be:

    380 MWh

    of clean energy produced each year

    400

    total number of employees reached

    up to 180 tonnes

    reduction of CO2 each year

    • pdf

      Offer Documents

      REDAVIA GmBH Issue 3: Offer Document  (Log In to download)

     

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