Close cooperation planned for PV and telecoms projects C
Poor power supply slows down growth opportunities for businesses
Munich, 16th May 2023 The three companies EWIA Green Investments, KGAL and SunErgy GmbH have reached an agreement to cooperate in several African countries in the future. The common goal is the realisation and financing of solar plants for commercial and industrial (C&I) as well as telecommunications infrastructure projects in West and East Africa.
With this cooperation, EWIA wants to support the expansion in sub-Saharan Africa. The cooperation is an important milestone in the diversification strategy of the company, which offers solar-as-a-service solutions for small and medium-sized enterprises. The organisations complement each other perfectly in the realisation, financing and operation of grid-connected plants and mini-grid/stand-alone solutions in Africa.
"Germany and Europe want to import more energy produced in Africa in the future, for example in the form of green hydrogen. But the need for renewable energy is also growing in Africa. 600 million people on the continent still have to manage completely without electricity supply," says Ralph Schneider, co-founder and managing director of EWIA. "Poor electricity supply is also a bottleneck for business development, thus slowing down economic growth, the creation of new jobs and the prospects for broader prosperity.""People and companies in Africa and Europe should benefit equally from the expansion of renewable energies," says Dr Alexander Ergenzinger, KGAL's investment manager and Managing Director of SunErgy GmbH. KGAL is one of the pioneers in financing photovoltaic plants. The first megawatt-class solar parks in Germany were financed as early as 2004/2005. "By cooperating with EWIA, we are combining forces and know-how to address the growing demand for affordable, reliable and sustainably generated energy in Africa."
SunErgy – Solar specialist with many years of experience in AfricaSunErgy (https://sunergy-power.org) was founded in Norway in 2010 and aims to supply communities in emerging countries with off-grid solar energy through small turnkey solar power plants. These are connected directly to the customers' buildings via their own electricity grid, so-called mini-grids. SunErgy's activities are organised through SunErgy GmbH in Germany and its two subsidiaries in Cameroon, SunErgy Ltd. and 2 Mites Ltd. SunErgy Cameroon is responsible for the construction as well as operation of the solar power plants in Cameroon and for the construction of solar power plants in other African countries. In May 2012, the company entered into an agreement with the Republic of Cameroon to supply solar power to 92 villages of about 115,000 families or 600,000 people, as well as schools, health centres, private and public enterprises, etc. in the Southwest region of Cameroon. In addition, SunErgy has stakes in companies in Kenya and Uganda.
New regions and investment themes are the business purpose of KNF Beteiligungs-GmbH, a wholly owned subsidiary of KGAL GmbH & Co. KG (https://www.kgal.de). KNF Beteiligungs-GmbH already invested in the former SunErgy AS Oslo in 2019. Its registered office was moved to Grünwald near Munich in 2021, where KGAL also has its headquarters. KGAL is an independent German investment and asset manager with over 350 employees. With an investment volume under management of more than 16 billion euros (as of 31 December 2022), it is primarily active in the real estate, aircraft and renewable energy sectors.
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