Over 1 million Euro has been raised by crowdinvestors to finance solar projects in emerging markets on the ecoligo.investments platform . The milestone manifest the potential of individual investors to bridge a well - known finance spread for commercial and industrial ( C&I ) sphere solar undertaking , consequently transforming a sphere where traditional financing methods have give out . This opportunity is an integral part of ecoligo ’s fully finance solar - as - a - service line model .
The seven - digit - figure has been reached by 327 private investors . In total , 12 projects have been financed on the ecoligo.investments platform , which will save over 19,000 metric ton of CO2 emission throughout the project lifetimes . labor with a blend capability of almost 900 kWp have been financed in Ghana , Kenya , the Philippines and Chile , country that see eminent energy prices and have optimal climatic condition for solar free energy . The first projects were fund on the platform in April 2017 .
ecoligo was founded in 2016 and is on cartroad to provide low-cost , renewable energy to 1,000 businesses in 20 country resulting in 4 million tonnes of CO2 emissions savings . Local economical ontogenesis and a tangible shift key towards sustainable energy use are some of ask outcomes of ecoligo ’s impact .
The Impact Hub Accra was the first Ghanian fellowship to benefit from ecoligo ’s solar - as - a - service solution . The system was financed in just 11 hours on ecoligo.investments this March . William Senyo , CEO of Impact Hub Accra , said :
“ Our solar bombardment system has helped the Hub in ways that we would n’t have antecedently think . Running on solar ability has made us more visible as a company at the head of sustainable stage business in Ghana . This has help us to gain wider attention , leading to event such as the German Chancellor Angela Merkel visiting the Impact Hub Accra . Furthermore , the cost savings enable us to conduct our resources into improving and expanding the Hub , and we ’re no longer touch on by never-ending power interruptions from the grid . This has not gone unnoticed , and we ’re receiving more program for office space at the hub than ever . ”
The minimum investiture core on ecoligo.investments was of late reduced from 500 Euro to 100 Euro , opening access to sustainable investment opportunities to a wider audience . Markus Schwaninger , CFO of ecoligo tell : “ Since the minimum investment amount was lowered , there have been a greater number of investor supporting the solar projects . Repayments from the first three project have also been distributed , demonstrating that the solar systems generate sustainable lucre . We can see that the crowd has the power to transform the Department of Energy landscape and we ’re happy to be invest that into action . ”
Last week , two solar projects in Kenya were successfully funded through ecoligo.investments , which provide solar power to a shopping centre and efflorescence farm . In these labor , investors get 5.50 pct or 6.00 pct interest p.a . , with a repayment period of 4 or 5 geezerhood . The projects were fully fund within a few day . young project will be online shortly : private investor can register on theecoligo.investmentsplatform to be informed about approaching investing opportunities .
