ecoligo receives EUR 2 million from the Energy Entrepreneurs Growth Fund

ecoligo plans to use the EEGF loan managed by Triple Jump to expand its activities in sub-Saharan Africa, providing local businesses with access to affordable solar power.

Sustainability investor Triple Jump is providing a €2 million loan to ecoligo to drive green energy investments in sub-Saharan Africa and provide sustainable electricity 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 their money goes to and benefit from the profits generated.

We look forward to bringing sustainable solar power to even more companies in sub-Saharan Africa with 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 helped more than 60 companies to reduce their CO2 emissions and at the same time achieve significant cost savings. In addition, a further 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 of 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. Committed private investors make targeted investments in these projects to combat the climate crisis and generate financial returns in the process. Ecoligo supplies commercial and industrial companies in eleven countries with solar energy to reduce 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 is headquartered in Berlin and has additional locations in Ghana, Kenya, Costa Rica, Chile, Vietnam and the Philippines. In 2022, Startbase conducted an interview with founder Martin Baart.