ElectriFI, REDAVIA sign USD 2m solar finance deal in Ghana

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

January 8 (Renewables Now) - The Electrification Financing Initiative (ElectriFI) has entered into a USD-2-million (EUR 1.74m) financing agreement with solar firm REDAVIA to support the latter's expansion in Ghana’s commercial and industrial (C&I) sector.

This investment will aid the development of some 15 MWp of photovoltaic (PV) arrays for C&I off-takers such as educational institutions, agro-foods processing and manufacturing companies, ElectriFI's Senior Investment Officer Quentin Antoine said today.

Germany-based REDAVIA offers modular solar farms and lease agreements to businesses and communities in West and East Africa. The firm signed a similar deal last October with asset manager responsAbility Investments AG. That USD-4-million contract was also focused on the Ghanaian C&I sector.

(USD 1 = EUR 0.87)

More stories to explore
Share this story
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription