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Solarworks! Trading B.V. Issue 7: 6% Bond

6 months to mature 6% interest

SolarWorks! Trading B.V. Issue 7: 6% Bond



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invested £90 invested

SolarWorks! offers households in Mozambique a range of Solar Home Systems (SHS) to meet their needs. With investment of £90 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 833 families

Your investment will help SolarWorks! to provide clean energy to 833 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 7,000 units in Mozambique and are looking to expand across more regions of Mozambique and deliver a further 10,000 units to off-grid families in the next 12 months.

About SolarWorks! B.V.

  • Sold around 7,000 units in Mozambique as of June 2018
  • Providing approximately 35,000 people with access to solar energy
  • Headquarteres 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 80 staff across all locations
  • Products developed at an incubator of the Delft University of Technology

  • Use of Funds

    SolarWorks’ first project was funded on Energise Africa in December 2017, and since then the company has tripled sales, now selling around 1,200 solar home systems per month. The Company is building track record and has been able to demonstrate performance is in line with projections.

    SolarWorks is in the final stages of raising capital from a new debt and equity investor, which is expected to be disbursed by the end of Q3 2018. This is demonstrating the company’s ability to raise additional capital, crucial for solar home system (SHS) businesses selling their products on 2-3 year customer payment terms. In light of these developments our credit committee has approved this tranche of financing to SolarWorks, which is in addition to their agreed credit of £625,000.

    The additional capital to be raised in this tranche of funding will be used as short term bridging finance and will be used to secure SHS inventory for Q4. There is a 3 month lead time from order placement (paid upfront) until the units are produced and shipped. If SolarWorks’ sales continue on the same track and as projected, the company would run out of stock in October if a new order is not placed in August.

    Key product information

    Issuer: SolarWorks! Trading B.V.

    Country of Issue: Netherlands

    Investment target: £75,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 6 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.


    What the project investment will enable

    SolarWorks! has ambitious growth targets to provide off-grid Solar Home Systems (SHS) to 10,000 families in Mozambique by the end of 2018. 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 833 SHS kits of varying size for immediate deployment across the Matola & Manhica regions of Mozambique. The majority of these 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). A smaller number of SolarWorks!'s own larger 100Wh, 200Wh & 400Wh systems will also be shipped, which can cater to families with growing energy needs and are completely modular meaning that appliances such as TVs and fridges can also be run off the systems. The systems are all Lighting Global certified.

    Every £90 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 833 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 7,000 systems & lanterns in Mozambique, and has impacted the lives of around 35,000 people.

    Social Impact

    Social Impact

    Social Impact statistics based on GOGLA's most recent statistics for 21-49Wp systems from their 2016 'Global Off-Grid Solar Market Report'


    change in available hours of light, per household


    change in available light output, per household


    number of Status Quo lighting sources made redundant by the installation of 1 system

    Environmental Impact

    Environmental impact

    Using industry-recognised SolarAid impact metrics, SolarWorks! has calculated the environmental impact of installing 833 Solar Home Systems as follows:


    Number of people who will enjoy clean energy access


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


    Annual total CO2 emissions offset per household

    • pdf

      Offer Documents

      SolarWorks! Trading B.V. Issue 7 Offer Document  (Log In to download)


    Frequently Asked Questions