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Emma Patmore

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emma.patmore@ecoligo.com

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Press Releases

03.08.2017 - Following installation start of first projects, ecoligo opens next solar project in Kenya for crowdinvesting

Press Release: Following installation start of first projects, ecoligo opens next solar project in Kenya for crowdinvesting

Berlin, 3 August 2017: ecoligo has launched a new project on its crowdinvesting platform, shortly after installation has begun on the startup’s first two crowdfinanced solar systems. The financing volume is 144,000 €.

The latest project will finance two systems for Bondet Farm, a flower farm in Nanyuki, at the base of Mount Kenya. This will provide a total capacity of 118.9 kWp of solar electricity to the farm, which is part of the Kariki Group. Kariki Group employs over 1,300 people and is a member of Kenya Flower Council (KFC). It is KFC silver and GLOBALG.A.P. certified and is currently in the process of becoming MPS and Fairtrade certified.

After completion, the solar systems will supply the majority of Bondet Farm’s daytime electricity and at peak times will provide 100% of the farm’s required power. This will save 117 tonnes of CO2 emissions per year. Investors into the project will receive 5.0% interest over 5 years and can invest from 500€. They will receive an early-bird bonus of 0.5% if they invest in the first 10 days.

In a similar format to that of ecoligo’s first project, Ariya Leasing will receive the investment in the form of a loan and will manage the project. Ariya Leasing, ecoligo’s partner in Kenya, is a wholly owned subsidiary of Ariya Capital Ltd., a project developer and investor into renewable energy solutions.

“We are committed to providing businesses with access to clean, affordable solar power, particularly in the agricultural sector. By providing electricity for our customers through cost-effective leasing models, we can effectively reach this goal. We are very pleased with the success of the Penta Flowers project and are happy to work with ecoligo again.”– Dr. Herta von Stiegel, Executive Chair

ecoligo raised a total of 260,000€ in April this year to supply Penta Flowers farm with a total of 198 kWp of solar electricity. Sustainable Power Systems Ltd., an installation company working in cooperation with Ariya Leasing and ecoligo, began the installation of the solar systems in July. The project is expected to start generating electricity in August. More information can be found here.

ecoligo was founded in 2016 by Martin Baart and Markus Schwaninger, whose extensive experience in the markets demonstrated the clear need for renewable energy finance.

“We are very pleased with the progress of the Penta Flowers project, which is also a testament to the professionalism of Ariya Leasing. We look forward to seeing many more projects implemented through this partnership. Bondet Farm of Kariki Group is the next step in this.”

– Markus Schwaninger, CFO

ecoligo’s founders are both certified experts in renewable energy finance and the company is supported by Allianz Climate Solutions as a technical advisor in the assessment of the solar projects. The Bondet Farm project will be open to private investors at 18:00 CET on August 3, 2017. More information here.

ecoligo is a solar utility that provides low-cost solar energy to businesses in emerging markets. By financing the solar systems through our crowdinvesting platform, we close the finance gap that prevents these projects from being realised. Find out more at ecoligo.com.

16.05.2017 - New solar crowdinvesting platform finances solar projects in developing countries to accelerate transition to zero-carbon economy

Press Release: New solar crowdinvesting platform finances solar projects in developing countries to accelerate transition to zero-carbon economy

Berlin, 16. May 2017. After successfully funding its first two solar projects in Kenya, German start-up ecoligo presents its services at Intersolar Europe in Munich from 31st May to 2nd June. The company provides low-cost solar power for commercial and industrial off-takers in developing countries, with a focus on sub-Saharan Africa.

ecoligo was founded by Martin Baart and Markus Schwaninger, who are speaking at the Off-Grid: Innovative Systems and Finance and the Green Bonds and Crowdfunding – The Financial Future? panels respectively during the event. After many years of experience in the market, both realised that technologically and financially viable solar projects were not being realised due to a lack of available finance. ecoligo’s vision is to close this finance gap and accelerate the global use of zero CO2 solutions to secure a sustainable energy future.

The company recently financed two solar projects for a Fairtrade certified flower farm in Kenya, with a total volume of 260,000€ and a total capacity of 198 kWp. This is the first year that ecoligo will exhibit at Intersolar and the team are looking forward to meeting with project developers and potential partners active in emerging markets. You can find them at Stand 454 in Hall A3, or book an appointment here.

ecoligo is a solar utility that provides low-cost solar energy to businesses in emerging markets. By financing the solar systems through a crowdinvesting platform, ecoligo closes the finance gap that prevents these projects from being realised. Investments on the ecoligo platform not only provide attractive returns, but save CO2 and support the local economy. Find out more at ecoligo.com.

19.04.2017 - ecoligo partners with Allianz Climate Solutions

Press Release: ecoligo and Allianz Climate Solutions partner on quality assessment for photovoltaic plants

Berlin, 19 April 2017: ecoligo, a solar utility that provides low-cost energy to businesses in developing countries, and Allianz Climate Solutions,the Allianz Group’s center of competence for renewable energies, cooperate on quality assurance for renewable energy projects.

ecoligo is a solar utility that provides low-cost electricity to businesses and industries in emerging markets, primarily Sub-Saharan Africa. With a vision to accelerate the global use of zero CO2 solutions to secure a sustainable energy future, ecoligo finances the projects through its crowdinvesting platform and works with local partners to install and maintain the systems. Once built, energy customers receive solar energy at a lower cost than from the national grid, protecting themselves against rising energy prices and cutting their CO2 emissions.

The first project of ecoligo, a solar system for a flower farm in Kenya, was opened for investment on 3rd of April and was financed by the crowd in 6 days. ecoligo’s next project will be launched on the platform on the 19th of April. The company was founded in 2016 by Martin Baart and Markus Schwaninger, both certified experts in the field of renewable energy finance. With over 20 years combined experience in the market, the energy situation in these countries prompted them to find a solution.

Martin Baart, CEO, ecoligo: “High electricity prices is the biggest issue facing businesses in Kenya today. Solar solutions are an attractive option for companies and are technically and financially viable, but require maintenance as well as high upfront payments. With ecoligo we take care of both the financing and service, providing access to clean, low cost electricity for commercial and industrial companies.”

Allianz Climate Solutions will support ecoligo as a technical advisor with the assessment for the presented photovoltaic projects on its crowdinvesting platform. Allianz Climate Solutions assesses whether the used components can be considered as „proven technology“ and if the local project partners have adequate experiences. The objective of the cooperation is the utilization of Allianz Climate Solutions‘ expertise to assess the solar projects . Allianz Climate Solutions provides an independent third-party opinion and with this a better decision framework and more transparency for the crowdinvestors when determining the quality of the photovoltaic project.

Melanie Beyersdorf, Senior Analyst, Allianz Climate Solutions: “A big obstacle for local businesses in developing countries is reliable and affordable energy access. With the assessment of the renewable energy projects we will not only help to enable the financing of qualified projects but support economic growth and with that the value proposition of renewables is more sustainable than ever. We look forward to the cooperation to support the application and financing of innovative, sustainable projects with established components.”

About Allianz Climate Solutions:

Allianz Climate Solutions serves as the center of competence for climate change with a focus on renewable energy.  Allianz is aware of its responsibility, not only to provide financial compensation for damages through climate change as an insurer but also to contribute to their avoidance. Allianz Climate solutions acts as broker for insurance solutions for renewable energy technologies, as advisor, evaluator and supporter for renewable energy projects, as well as developer of strategies and climate-related products and as an incubator for Allianz initiatives and projects related to climate change. Within the last 10 years Allianz Climate Solutions assessed and accompanied more than 900 national and international projects with an investment volume of around 9 billion Euro.  

About ecoligo:

ecoligo is a solar utility that provides low-cost solar energy to businesses in emerging markets. By financing the solar systems through a crowdinvesting platform, ecoligo closes the finance gap that prevents these projects from being realised. Investments on the ecoligo platform not only provide attractive returns, but save CO2 and support the local economy. Find out more at ecoligo.com.

12.04.2017 - Solar crowdinvestment platform ecoligo Finances First Project in Kenya in 6 days

Press Release: Solar crowdinvestment platform ecoligo finances first project in Kenya in 6 days

Berlin, 12 April 2017: Solar startup ecoligo has funded the first project through its crowdinvesting platform in just 6 days. In total, fifty-four investors financed a 66 kWp solar installation for a flower farm in Thika, Kenya.

The investment sum of €107,000 will finance the first of two solar systems for the farm. All investors received an early-bird investment bonus that was valid in the first 7 days and will earn 5.5% on their investments, which will be repaid over the next 5 years.

Markus Schwaninger, CFO of ecoligo, was impressed by the speed the project was financed at. “While bridging the finance gap preventing these projects from being built was our key motive for founding ecoligo, we also know that there are not enough vehicles for people to make transparent, sustainable investments. That our first project was funded so quickly shows an evident demand for such investment opportunities. We see this as a great opportunity to mutually solve issues of the developed and developing world.“

Crowdinvesting has seen major growth in recent years, allowing private investors to invest directly in areas such as real estate and energy. ecoligo aims to enable citizen participation in the ‘Energiewende’ on an international scale and plans to finance projects in more emerging markets this year, mostly in Sub-Saharan Africa.

Following the quick funding of its first project, ecoligo has decided to open its second project to crowdinvestors on 19. April. The project will finance the second solar system for the Fairtrade and MPS certified farm and has a base interest rate of 5%, with a running time of 5 years. With total annual CO2 savings of 184 tonnes, the two solar systems help the farm to meet its environmental objectives.

As with the first project, the investment will be provided in the form of a loan to ecoligo’s partner in Kenya, Ariya Leasing, who will manage the project. Once built, the farm will be able to receive solar energy at a lower cost than from the national grid. As Ariya Leasing will repay the loan in Euros, the project holds no currency risk. Allianz Climate Solutions will support ecoligo as a technical advisor in the assessment of the solar projects.

ecoligo was founded by Martin Baart and Markus Schwaninger after the two met at a solar conference in Kenya. They share 20 years of solar project management and finance between them and are both certified experts in the field.

The second solar project will be open to private investors from Germany on April 19, 2017. More information here: https://invest.ecoligo.com/penta-flowers-2.

ecoligo is a solar utility that provides low-cost solar energy to businesses in emerging markets. By financing the solar systems through a crowdinvesting platform, ecoligo closes the finance gap that prevents these projects from being realised. Investments on the ecoligo platform not only provide attractive returns, but save CO2 and support the local economy. Find out more at ecoligo.com.

03.04.2017 - New solar crowdinvestment platform ecoligo launches first project in Kenya

Press Release: New solar crowdinvestment platform ecoligo launches first project in Kenya

Berlin, 3 April 2017: German startup ecoligo has launched a new crowd-investment platform for solar projects in emerging markets. The platform opens to investors today with the opportunity to back a 66 kWp solar installation for a flower farm in Thika, Kenya.

ecoligo is targeting a total investment of €107,000 that will fund the first of two solar systems on the Fairtrade and MPS-certified farm. Together, the systems will save 184 tonnes of CO2 emissions a year.

The investment will be provided in the form of a loan to ecoligo’s partner in Kenya, Ariya Leasing, who will manage the project. Once built, the farm will be able to receive solar energy at a lower cost than from the national grid. As Ariya will repay the loan in Euros, the project holds no currency risk. The crowd investors will be repaid over 5 years at an interest rate of 5% p.a. and can invest from €500 onwards.

Founded in 2016, ecoligo harnesses the increasing popularity of alternative finance to work with commercial and industrial customers in developing countries who are currently exposed to costly, fossil fuel-based sources of electricity.

The company’s vision is to accelerate the global use of zero CO2 solutions to secure a sustainable energy future. By providing attractive investment opportunities to private investors while making clean, affordable energy supplies accessible for electricity consumers, ecoligo is enabling citizen participation in the global Energiewende in a way that makes economic sense to both investors and energy consumers.

ecoligo CEO, Martin Baart, commented: “The high cost of power in Kenya not only threatens local businesses, but has also been linked to restricting the economic growth of the country. While solar solutions are both technically and financially attractive, suitable financing is unavailable. ecoligo overcomes this problem and at the same time provides sustainable investment opportunities to its crowd.”

The solar installation is also an important step in the farm’s environmental and social policy, furthering their sustainable farming efforts. Enabling companies to build on these aspects of their business is a key goal for Ariya Leasing: “By financing and managing such projects, we remove the biggest barriers for businesses to receive low-cost solar power. As a result, they can focus on their core strategic priorities such as growth, employee welfare and positive environmental impact.”

– Dr. Herta von Stiegel, Executive Chair

ecoligo was founded by Martin Baart and Markus Schwaninger after the two met at a solar conference in Kenya. Together they represent over 20 years experience of solar project management and finance and are both certified experts in the field. Allianz Climate Solutions will support ecoligo as a technical advisor in the assessment of the solar projects.

The new solar project will be open to private investors from Germany on April 3, 2017. More information here: invest.ecoligo.com/penta-flowers-1.

ecoligo is a solar utility that provides low-cost solar energy to businesses in emerging markets. By financing the solar systems through a crowdinvesting platform, ecoligo closes the finance gap that prevents these projects from being realised. Investments on the ecoligo platform not only provide attractive returns, but save CO2 and support the local economy. Find out more at ecoligo.com.

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