REDAVIA GmbH Issue 3: 5.5% Bond
£167,000 | 132 | 0 |
340 kWP
With a loan of £167,000, REDAVIA will be able to install up to approximately 340 kWp capacity of solar.
4 customers
Funds from this raise will provide up to 4 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, reducing emissions by over 100k tonnes/year and providing clean electricity access to around 650k people by the end of 2021.
About REDAVIA GmbH
Key product information
Issuer: REDAVIA GmbH
Issuing Country: Germany
Investment target: £167,000
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 32 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 and Kenyan 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 up to 4 solar units 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 4 solar units to be funded follow REDAVIA’s standardized specifications of the FTS-80GM (85kWP), FTS-40CP (50kWp) or FTS-60RM (70kWp). 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. The units are then operated in line with Ghanaian and Kenyan regulations under lease-to-own contracts, with an average lease term of 12 years
This loan will enable the companies to use up to 380 MWhs per year of clean energy, impacting a total of 400 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 is looking to raise £167,000 from this bond issue as working capital to help purchase and install 4 solar units of up to 85 kWp each into leases with C&I customers in Ghana and Kenya.
To date, REDAVIA has installed 46 solar units and operates them in line with Ghanaian and Kenyan regulations under lease-to-own contracts, with an average lease term of 12 years. So far REDAVIA has produced 3,700 MWhs of clean energy resulting in 1,700 tonnes worth of reduction in CO2. REDAVIA expects to deploy around 5 MWp of solar capacity per year to leases in Ghana and Kenya for the next three years.
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 3.7MWp in projects and has an impressive 46 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:
20,000
workers and residents with access to clean energy
46
solar units installed
~$100
of monthly savings on energy delivered per 85kWp solar unit
Environmental impact
The units REDAVIA deploy are up to 85kWp in size. The environmental impact of installing the full 340kWp capacity from this raise will be:
380 MWh
of clean energy produced each year
400
total number of employees reached
up to 180 tonnes
reduction of CO2 each year
Offer Documents
REDAVIA GmBH Issue 3: Offer Document (Log In to download)