REDAVIA GmbH Issue 1: 5.5% Bond
£500,000 | 260 | 0 |
924 kWP
With a loan of £500,000, REDAVIA will be able to install approximately 924 kWp capacity of solar.
11 customers
Funds from this raise will provide 11 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 and communities, reducing emissions by over 100k tonnes/year and providing clean electricity access to around 650k people by the end of 2021.
This project benefits from match funding from UK aid. UK aid are providing a total of £125,000 of match funding into this offer, meaning that for every £3 invested into this project by the crowd an additional £1 will be invested through match funding.
About REDAVIA GmbH
Key product information
Issuer: REDAVIA GmbH
Issuing Country: Germany
Investment target: £500,000
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 31 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
REDAVIA's convenient lease-to-own solution empowers Ghanaian businesses to grow. REDAVIA is one of the pioneering solar companies supported by the Energise Africa initiative, a joint venture between Lendahand and Ethex
What the project investment will enable
With the funds from this raise, REDAVIA will pre-finance, procure, import and install 11 solar units of 84 kWp capacity each 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 11 solar units to be funded follow REDAVIA’s standardized specifications of the FTS-80GM. 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.
This loan will enable REDAVIA's customers to use up to 1,200 MWhs per year of clean energy, impacting a total of 15,000 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 GmbH is looking to raise £500,000 from this bond issue as working capital to help purchase and install 11 solar units of 84 kWp each into leases with C&I customers in Ghana and/or Kenya.
To date, REDAVIA has installed 21 solar units and operates them in line with Ghanaian regulations under lease-to-own contracts, with an average lease term of 12 years. A further twenty-five solar units have been contracted, and REDAVIA has already ordered 14 units to supply the open contracts. So far REDAVIA has produced 1,500 MWhs of clean energy resulting in 650 tonnes worth of reduction in CO2.
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 1.76MW in projects and has an impressive 21 solar units installed.
Social Impact
The positive impact of addressing this market gap is immense. The social impact that REDAVIA has made in Ghana to-date is:
17,000
workers and residents with access to clean energy
21
solar units installed
~$100
of monthly savings on energy delivered per 84kWp solar unit
Environmental impact
The units REDAVIA deploy are 84kWp in size. The environmental impact of installing the full 924kWp capacity from this raise will be:
1,200 MWh
of clean energy produced each year
1,500
total number of employees reached
516 tonnes
reduction of CO2
Offer Documents
REDAVIA GmbH - Offer Document - Issue 1 (Log In to download)