responsAbility and REDAVIA have worked together on this innovative and first of its kind debt facility, the Industrializing Africa Solar Funding Platform, which combines an efficient use of funds and a scalable facility for other potential funding partners.
REDAVIA solar power enables a seamless integration into the existing electricity infrastructure of a business to ensure a more cost-effective, reliable and cleaner energy mix – with diesel generators, in a battery set-up or as a complement to grid-connected power. As such, REDAVIA is supporting the reduction of carbon emissions and increasing the impact on a sustainable society.
Stefan Issler, Head Energy Debt Financing – Direct Investments, responsAbility 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.”
responsAbility Investments AG is a leading asset manager in the field of development investments and manages a range of investment vehicles that supply private debt and private equity to high-impact portfolio companies in the agriculture, energy, finance sector of emerging economies. responsAbility has USD 3 billion of assets under management invested in 540 companies in 90 countries. Founded in 2003, the company is headquartered in Zurichwith 9 local offices across the world.