Capital is at risk and returns are not guaranteed. These are fixed-term bonds and are not readily realisable. Investments are not covered by the Financial Services Compensation Scheme (FSCS). Learn more.

Solarise Africa Issue 1 - 6.75% Bond

12 months to mature 6.75% interest

Solarise Africa Issue 1 - 6.75% Bond

£500,000
Raised

363
Investors

0
Hour to run

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invested 715 kWp

With a loan of £500,000, Solarise Africa will be able to install and lease approximately 715kWp capacity of solar panels.

households 4 customers

Funds from this raise will provide up to 4 commercial and industrial (C&I) customers with clean and affordable energy.

Solarise Africa is a pan-African Energy-as-a-Service leasing company. Through smart financing solutions, the Company unlocks possibilities and empowers their partners to thrive and actively drive Africa’s progress.


Together with their partners, Solarise Africa offer innovative full-service solutions that cover designing, building, financing, and maintaining solar installations.

About Solarise Africa

  • Incorporated in 2018
  • Offices in Cybercity, Mauritius; Nairobi, Kenya; Johannesburg, South Africa; Kigali, Rwanda and Kampala, Uganda
  • Has 18 direct employees
  • Generated turnover of approximately $585,000 in 2020
  • Since incorporation they have installed approximately 2.56MW of solar panels which has produced 1,742MWhs of clean energy in the last 6 months.
  • Targeting a total renewable portfolio of $55M by 2026
  • Key product information

    Issuer: Holdco Solarise Africa Ltd

    Issuing Country: Mauritius

    Investment target: £500,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 12 months

    Expected interest rate: 6.75% per annum

    Withholding tax rate: 0% (applicable to UK residents who do not invest within an IF ISA)

    Interest payment frequency: 6 monthly

    Notional repayment: 6 monthly (from 12 months onwards)*

    Financial instrument: Interest bearing bond

    Security: Secured (For more information regarding security, see page 23 of the Offer Document)


    * For the first 12 months after the Issue Date, a "Grace Period" applies during which no capital repayments occur. The first and only capital repayment will take place 12 months after the Issue Date. Please refer to the amortization schedule found on Page 26 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

    Solarise Africa in the media

    What the project investment will enable

    Solarise Africa will use funds from this raise to provide 4 new customers in South Africa and Kenya with renewable energy, totalling approximately 715kWp.


    Solarise Africa focuses its business model on the Commercial & Industrial (C&I) sectors in countries of operation within Sub-Saharan Africa with each project installation generating a positive social impact.


    In addition to jobs created in the solar industry, the companies that install solar experience lower energy bills, which in turn can translate into business expansion and further jobs creation. Most Sub-Saharan African countries also experience power outages in varying degrees, as ageing fossil fuel infrastructure fails and needs additional maintenance. The use of solar for power generation reduces the impact of these outages and in turn produces a positive economic impact for countries.


    Solarise Africa

    Solarise Africa is looking to raise £500,000 from this bond issue as working capital to help purchase and install 4 solar units, totalling 715kWp for C&I customers in South Africa and Kenya.

    To date, Solarise Africa has installed approximately 2.56MW which in the last 6 months has produced 1,742MWhs of clean energy and saved approximately 1,054 tonnes of CO2. With offices in Kenya, South Africa, Uganda and Rwanda, Solarise hopes by 2026 to have a portfolio of renewable capacity of  $55M stretching across Africa.

    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, Solarise Africa has commissioned over 2.56MW in projects and has 11 solar units installed.

    Social Impact

    Social Impact

    The positive impact of addressing this market gap is immense. The social impact that Solarise Africa will make from this raise is:

    4

    new commercial and industrial (C&I) customers with clean and affordable energy

    715kWp

    of solar capacity installed

    30%

    reduction in electricity costs from the first month

    Environmental Impact

    Environmental impact

    The environmental impact of the 11 solar power installations already installed by Solarise Africa over the last 6 months is as follows:

    2.56MW

    total capacity operational

    1,721 MWh

    of clean renewable electricity generated

    1,054tonnes

    of CO2 emissions avoided

    • pdf

      Offer Documents

      Solarise Africa Issue 1: Offer Document (Log In to download)

     

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