REDAVIA is uniquely positioned to capture the opportunity to build a low-carbon economic system serving the rising African urban consumer.

For many African commercial and industrial companies – food processors, hospitals, and manufacturers – power supply is the main obstacle to growth, because grid power is unreliable, expensive, and polluting.

After the cost reductions of the last decade, solar power is now the most economic power supply option, but many companies – especially high-growth, midsize firms – lack the financial resources to purchase the solar equipment outright, or prefer to reinvest their profits in the growth of their core business. Hence, the opportunity for solar for business remains untapped too often.

REDAVIA’s approach breaks through this barrier with a fully financed, low cost, lease-to-own solar power service, focused specifically on midsize companies.

Even after paying the lease-to-own fee towards owning the solar plant, REDAVIA’s customers still generate ~20% of net savings on their monthly power cost. REDAVIA’s proposition is a clear financial and environmental win-win, with cost and carbon savings from day 1.

Solar metrics simplified

1 MWp = One mega-watt-peak

  • Consists of about 2500 solar panels
  • Covers a roof of almost 1 football field
  • Produces enough solar energy per year for about 200 German households

REDAVIA customer satisfaction:
223% better than industry benchmark*

REDAVIA score: 67 vs. B2B Net Promotor Score (“NPS”) industry excellence benchmark of 30 on a scale of -100 to +100.*

*Quarterly NPS Survey conducted in October ‘21 among REDAVIA’s 50+ customers, based on 18 respondents.
(What is a good net-promoter-score?)

REDAVIA’s business model…

…is unique in the African market and differentiated from local and international competitors in three crucial ways:

“We had our first REDAVIA system installed and we are currently enjoying the benefits of green energy and significant savings on our power bills. The REDAVIA package was much better compared to others because of their flexibility. I’ve recommended many manufacturers to
REDAVIA. A majority of the manufacturers in this region will be going for this green energy.”

Shafiq Makrani , Director, Kitchen King Ltd.

“I am already trying to recommend REDAVIA to other companies that I know, because they really have shown that they are professional and I find them very good at what they do.”

Kwadwo Danso Dodoo , Managing Director, Special Ice Ltd

“As we transform our economy from one predicated on the export of raw materials and resources to one on value addition and productivity, energy is going to be critical. I think the REDAVIA solution is perfect. You do have a modular engineering model, that means that you can pick, slice, build. And that is significant for an economy that is developing.”

Yofi Grant , CEO, Ghana Investment Promotion Center

Strong business, strong impact

REDAVIA has experienced strong growth over the past several years and aims to reach operative cash flow break-even in 2022. Beyond break-even, our strategy is to continue growing profitably toward our medium-term target of 100MWp.

Each customer project adds margin and revenue to REDAVIA’s recurring revenues from the portfolio of solar leases.

REDAVIA value growth

Since our seed round in 2013, REDAVIA’s share price has increased steadily over multiple funding rounds as we successfully proved REDAVIA’s technology, funding, and sales platform in Ghana and then replicated our success in Kenya.
To generate further share price increases going forward, we aim to scale up our proven platform by converting our active project pipeline in our current core markets Ghana and Kenya (366MWp, status January ’22) and replicating our model in further industrializing African markets (Nigeria, South Africa, Senegal, and Ivory Coast).”

Growth in share price:

Source: REDAVIA budget 2022 and business plan 2023-2025, approved by the Redavia GmbH Supervisory Board. Figures reflect the “Medium Growth” scenario assumptions: Positive economic outlook for Africa, sales team performance follows past track record, CAPEX and transport cost remain impacted by COVID, and institutional funding follows agreed milestones. Share exit value is based on scenario assumptions and past experience which may not be a reliable indicator for future results.

Supporting the UN Sustainable Development Goals