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Redavia Signs $4 Million Financing Agreement for Its Ghanaian Subsidiary

Published on 12 Oct 2018
Redavia and the responsAbility-managed climate fund have signed a financing agreement for Redavia's Ghanaian subsidiary. 

Speaking on behalf of responsAbility, Stefan Issler, Head Energy Debt Financing - Direct Investments, declared: "We are thrilled to expand our financing activity in the distributed energy area by adding a provider of a scalable business model for the industrial and commercial sector to our portfolio. The reliable availability of affordable electricity is a key prerequisite for economic development, and we are pleased to actively support Redavia in their contribution to the SDGs."

"Ghana continues to be a very promising market for us and we are excited that responsAbility has the trust and confidence in our ability to deliver and add value to its portfolio," stated Erwin Spolders, CEO and Founder of Redavia. "This partnership will empower us to grow further and faster in the country, subsequently enabling Ghanaian companies to save money and thrive - thanks to Redavia solar power."

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