Ecoligo to install a photovoltaic system on one of its reservoirs in Kenya
Ecoligo, a German company, is collaborating with Rift Valley Roses in Kenya to implement an innovative solar system, reducing electricity costs and CO2 emissions.
| Sectors | Solar Energy, Photovoltaic |
|---|---|
| Themes | Investments & Transactions, Financing, Project Development |
Ecoligo is a German company specializing in commercial and industrial solar projects.
The aim of this company is to set up a solar system in Kenya for Rift Valey Roses, a family-run rose-growing business located near Lake Naivasha, north of the Kenyan capital Nerobi. It’s a 69 kw system on one of the company’s reservoirs.
Ecoligo’s investment in this photovoltaic system amounts to 126,000 euros.
This solar project, financed to the tune of 140,000 USD by the Ecoligo Gmbh Group, will be Kenya’s first floating solar project. It will be Kenya’s first floating solar project, with the aim of providing solar-powered electricity to 1.3 million remote households in 14 counties of the East African country.
This photovoltaic system would also install around 380 water pumping systems and 150,000 ecological stoves.
This represents a total investment of 126,000 euros by small-scale investors.
The use of ECOligo to implement this photovoltaic system will not only reduce electricity costs, but also CO2 emissions by up to 68 tonnes per year.
In addition, it will set up its own participatory financing platform, with a 4-year investment period, an estimated annual yield of 6% on the offer and a 0.5% premium.
Ecoligo also states in a release that: “We anticipate that 1,628 kWh will be generated annually from each kilowatt installed with all the electricity produced and used by the flower farm,” says Ecoligo.”
The forthcoming project will comprise 216 modules supplied by Solarwatt and four Kaco inverters.
This isn’t the first time that Kenya, or to be more precise, the Rift Valey roses, has placed its trust in the Ecoligo group, having already invested last year in a 75 WC power plant.
A sustainable development project supported by the Kenyan government
The International Development Agency (IDA), led by the Kenyan Ministry of Foreign Affairs, has taken steps to provide financial support for the project in Kenya. The Kenya Off Grid Solar Access Project,
A project idea also supported by the Kenyan government, with the aim of using rural sources of electricity, mainly in rural areas.
