What will your investment provide?
With the money invested in this campaign Sollatek will be able to source and distribute solar systems with a combined power of about 100 kWp.
How many businesses will benefit?
Sollatek will be able to design and install about 30 solar systems with funds from this raise.
Invest Directly in Solar Energy in East Africa
Small businesses in Kenya need reliable, clean energy to thrive.
Sollatek is 100% Kenyan owned and managed, and has been operational in East Africa for 38 years. They sell clean, solar energy solutions from solar lanterns to grid-tie systems with battery storage.
Key product information
Issuer: Sollatek Electronics (Kenya) Ltd
Issuing Country: Kenya
Investment target: £120,000
Minimum investment: £50
Maximum investment: No maximum
Maturity: 24 months
Expected interest rate: 5.5% per annum
Withholding tax rate: 15% (applicable to UK residents who do not invest within an IF ISA)
Interest payment frequency: Semi-annually
Capital repayment: Semi-annually
Financial instrument: Unsecured interest bearing bond
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 offer document (provided below) where a full statement of risks is presented.
What the project investment will enable
Sollatek aims to raise £120,000 of investment in this raise which will enable them to design and install about 30 solar systems with a combined capacity of about 100 kWp.
Sollatek will use the funds to procure inverters and panels to design and build solar systems of between 3 kWp and 16 kWp. Delivered systems will be designed to meet clients needs to include panels, inverters, and remote monitoring equipment and Sollatek batteries where needed. Based on current orders, Sollatek estimate that these funds will deliver 30 systems with a total capacity of 100 kWp, though the exact systems delivered will depend on what clients want.
Sollatek Electronics Kenya
Sollatek Electronics (Kenya) Limited (“Sollatek”) started operations in 1985, and is a leading importer and distributor of power control, energy efficiency, and solar solutions in East Africa.
Products are sold through a region-wide network of resellers, mainly in Kenya as well as Uganda, Tananzia Rwanda, and Burundi; resellers include major regional supermarket chains, electronics and electrical shops, hardware stores and general stores.
Social and environmental impact
Solar energy is renewable, tackling climate change and protecting health. Access to electricity is important for economic opportunities and social well-being for households and businesses. (Generation data for Kenya from https://globalsolaratlas.info/)
Research shows that business profitability in Kenya is impacted by power outages. Sollatek's solar systems can provide clean and reliable electricity.
new solar systems will be delivered to businesses
drop in profits is experienced by Kenyan businesses on average from power outages
average daily generation in Kenya from 100 kWp
Solar generation provides clean energy and avoids carbon emissions
Average annual generation from 100 kWp installed solar in Kenya
New generation installed by this raise
Solar systems installed by Sollatek since 2010