ecoligo receives EUR 2 million from the Energy Entrepreneurs Growth Fund
Marc Nemitz
| 02.06.2023
ecoligo plans to use the EEGF loan managed by Triple Jump to expand its operations in sub-Saharan Africa, providing local businesses with access to low-cost solar power.
Sustainability investor Triple Jump is providing a €2 million loan to ecoligo to drive green energy investment in sub-Saharan Africa and provide sustainable power to local businesses. Since 2016, ecoligo has enabled investors to invest their money in solar projects in emerging markets, supporting the energy transition by allowing them to choose the projects and countries where their money goes and benefit from the profits generated.
We look forward to bringing sustainable solar power to even more companies in sub-Saharan Africa through the support of a renowned and valued financing partner.
Markus Schwaninger, CIO ecoligo
To date, 90 projects with a total capacity of 32.6 MWp have been successfully installed and commissioned. Through these projects, ecoligo investors have been able to help more than 60 companies reduce their CO2 emissions while achieving significant cost savings. In addition, another 206 projects with a capacity of 100.8 MWp are already planned and signed.
ecoligo is one of the companies promoting access to affordable and reliable electricity for commercial and industrial SME customers in emerging markets.
Mark Van Doesburgh, Deputy Head Team Direct Investments Triple Jump
Ecoligo is a Berlin-based company that has been implementing solar projects in emerging markets since 2016 to drive the energy transition. Dedicated private investors invest specifically in these projects to combat the climate crisis while also making financial gains. Ecoligo supplies commercial and industrial companies in eleven countries with solar energy to save CO2 emissions and actively protect the climate. To date, over one million tons of CO2 have been saved through the solar projects financed. The company has its headquarters in Berlin and additional locations in Ghana, Kenya, Costa Rica, Chile, Vietnam and the Philippines. In 2022 Startbase conducted an interview with founder Martin Baart.
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2016
Berlin
ecoligo
Offering a digital platform for the financing and implementation of solar projects, which enables companies to fully finance a photovoltaic system as a Solar-as-a-Service solution.
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