36 months to mature 6% interest

SolarWorks! Trading B.V. Issue 10: 6% Bond

£72,700
Raised

79
Investors

6
Days to run

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invested £76 invested

SolarWorks! offers households in Mozambique a range of Solar Home Systems (SHS) to meet their needs. With investment of £76 SolarWorks! Trading B.V. will be able to source and distribute a SHS, which a family can pay off over a 2-3 year period.

households 1,178 families

Your investment will help SolarWorks! to provide clean energy to 1,178 families in Mozambique

SolarWorks! Trading B.V. is a wholly owned subsidiary of SolarWorks! B.V., who has been operational across South Africa and Mozambique for the last 8 years and has an expert knowledge of the needs of local families in these markets. They have sold close to 15,000 units in Mozambique and are looking to expand across more regions of Mozambique and deliver a further 42,000 systems in the next 12 months.

About SolarWorks! B.V.

  • Sold around 15,000 units in Mozambique as of  December 2018
  • Providing approximately 75,000 people with access to solar energy
  • Headquarters in The Netherlands, with regional offices in South Africa and Mozambique
  • Products sold through regional sales offices and are also due to be sold via Vodacom stores
  • SolarWorks! B.V. directly employs 200 staff across all locations
  • Products developed at an incubator of the Delft University of Technology
  • Selling around 2,000 SHS per month
  • Key product information

    Issuer: SolarWorks! Trading B.V.

    Country of Issue: Netherlands

    Investment target: £90,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 36 months

    Expected interest rate: 6% per annum

    Witholding tax rate: 0%

    Interest payment frequency: 6 monthly

    Notional repayment: 6 monthly

    Financial instrument: Unsecured interest bearing bond

    Security: Unsecured

    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

    What the project investment will enable

    SolarWorks! has ambitious growth targets to provide off-grid Solar Home Systems (SHS) to a further 42,000 families in Mozambique by the end of 2019. SolarWorks! B.V. (the parent entity owning 100% of SolarWorks Trading B.V.) has attracted equity capital in the past year to scale its operations, but they come to Energise Africa in search of additional working capital to help turn these plans into a reality.


    The funds raised in this round will be used to purchase up to 1,178 SHS kits for immediate deployment across the Matola & Manhica regions of Mozambique. These SHS will be OmniVoltaic 40Wh DC systems, which consist of a solar panel, lithium battery, 3 lights, & 2 USB sockets (useful for charging mobile phones and other personal devices) and all systems are Lighting Global certified.


    Every £76 invested into this campaign will allow SolarWorks! Trading B.V. to make one of the 40Wh OmniVoltaic systems available to a family living without grid electricity in Mozambique that would otherwise be out of their financial reach. The systems are made available on a PAYGO (pay-as-you-go) basis and families can choose whether to repay the system over a 24, 30 or 36 month period, after which they own the system outright and can continue to enjoy the benefits of the clean energy produced free of charge.


    SolarWorks! Trading B.V.

    The money raised from this campaign will be used by SolarWorks! to help them expand their SHS business across the regions of Matola and Manhica of the Maputo province in southern Mozambique.


    Not only will your investment into this SolarWorks! Trading B.V. offer allow them to make 1,178 Solar Home Systems available to off-grid families, but you'll also be helping the company to grow and provide employment opportunities. The majority of SolarWorks! employees are local people, and employment provides an income for those families that, often for the first time, allows them to send their children to school and lift themselves out of poverty.


    Social and environmental impact

    SHS & lanterns have been shown to have a significant impact on customers' lives and the environment. SolarWorks! B.V. has sold close to 15,000 units in Mozambique, and has impacted the lives of around 75,000 people.

    Social Impact

    Social Impact

    Social Impact statistics based on GOGLA's most recent statistics for 21-49W systems from their 2018 'Global Off-Grid Solar Market Report'

    787%

    increase in quality of light

    76%

    increase in available light ouput compared to kerosene lamps

    1,446

    change in available hours of light, per household

    Environmental Impact

    Environmental impact

    Using industry-recognised SolarAid impact metrics, SolarWorks! has calculated the environmental impact of installing 1,178 Solar Home Systems as follows:

    5,890

    Number of people who will enjoy clean energy access

    60%

    respondents to a Power Africa survey reported reduced energy spend and kerosene use as the most appreciated benefit of SHS

    1.1tonnes

    Annual total CO2 emissions offset per household

    • pdf

      Offer Documents

      SolarWorks! Trading B.V. Issue 10 - Offer Document  (Log In to download)

     

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