That was EWIA's year 2025

Another year is drawing to a close and we want to take stock of our sixth year of existence. Balance sheets include income and expenditure, the good and perhaps not so good. But they help us to understand the current situation. So let's take a look at everything that happened at EWIA between January and December 2025. A lot, I can tell you that much already. In 2025, we became a different company; we grew, expanded, and diversified.

On the plus side, we have a large number of new projects and investments, new subsidiaries, new employees—and a lot of CO₂ saved for the planet.

EWIA, SunErgy GmbH, and Grünwald Asset-Manager KGAL decided in the spring to transform their partnership into a merger two years after launching their cooperation on solar projects in sub-Saharan Africa. The aim of the SunErgy takeover is to create a leading solar provider for Africa that supports projects from planning and financing to implementation. This step brings EWIA to Cameroon and opens the door for us to diversify into the mini-grid and off-grid market. Following the takeover, EWIA employed a total of 76 people.

n addition to Ghana and Cameroon, EWIA is also active in Nigeria, Africa's strongest and most dynamic economy. According to forecasts, the country will have a population of 350 million by the middle of the century—more people than will then be living in the EU.

Investments 2025

This year, we offered a number of new investment opportunities on our own platform, "EwiaFinance": fixed-income solar projects for businesses (C&I), for the electrification of villages, and for infrastructure. In addition, we launched our first financial instrument that enables indirect participation in EWIA, so that investors are treated as shareholders.

Here is an overview of all the projects and financing we carried out in 2025:

Project	City	Description	Capacity	Interest Rate	Term
Christian Service University Kumasi	Kumasi	An extension with battery storage is planned soon	85 kWp	8.65%	5 years
BothApraku Project	Accra	Fruit production, export-oriented; hybrid solar system designed for 5.5 kWp and 15.36 kWh	Self-financing	—	—
Village Electrification in Cameroon	Kotto Up, Kotto Mission, Kotto Nachtigall, Matouke	Revitalization, expansion, and reactivation of 4 existing PV systems in four villages (1,188 households)	MiniGrid – approx. 450 kWp; expansions planned	7.00% p.a.	8 years
Zablikani	Tamale	Plastic recycling company	57 kWp, 61 kWh storage	7.65%	8 years
Northern Eye Clinic	Northern Ghana	New clinic, expansion planned; currently small system with approx. 13 kWp and 10 kWh battery	Self-financing	—	—
EWIA 3.0	Sub-Saharan Africa	Indirect participation	Target return: 37.93% p.a.	—	Unlimited
EWIA Infrastructure	Ghana	First project via KLIMJA; 5–10 mobile towers per month, each up to 6 kWp	8.25% p.a.	4.5 years

This year, we have expanded our footprint in Ghana. In fact, we have expanded throughout the country. And what is particularly pleasing is that we have “repeat customers,” i.e., satisfied customers who have decided to expand. In addition, we have received approval from the government in Cameroon to electrify 82 additional village communities, which we plan to implement within the next five years. To put this into context: the government estimates that around 10,000 villages are currently without electricity. You can read here why electrification is “life-changing” for these village communities.

Projects in pipeline:

• Zaina Lodge (Mole Game Reserve), West Africa's first luxury safari lodge, more information here.

• Vital Corp Ltd. (Accra)

• A1 Hospital (Kumasi), this involves an extension

• Aisha Home Hospital (Tamale), more information here.

• ACARP (Accra Compost and Recycling Plant), waste disposal (Accra)

In addition, we are currently negotiating with Rainbow Towers in Accra to equip 50 additional mobile phone masts from EWIA Infrastructure with PV. Two pilot phases are initially expected to have a volume of €100,000 and €700,000, with the total volume expected to reach €5,000,000 (more about the company, its philosophy, and our track record here). Currently, an increase to a total volume of 70 cell towers is even being considered.

The team is growing

Our team has grown significantly in 2025, with EWIA gaining a number of new employees. On the one hand, this was due to the merger with SunErgy, which added 24 people to our team, all of whom have experience on the ground and have been working for the unit in Cameroon for years. On the other hand, we have also been able to recruit new talent. For example, Jonathan, our young – and Africa-experienced – management assistant in Munich, or our solar expert Aina, who works as a renewable energy engineer based in Barcelona. At our location in Ghana, Ahmed Dabone followed as a trainee in the footsteps of his predecessor Gloria Okoampha, who, like him, comes from the neighboring country of Burkina Faso.

Experience EWIA live

Although we are pioneers in digital financing in many respects, we are always particularly pleased when we can meet our investors face to face. Live is simply different. This fall, we stopped in Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, and Vienna with our roadshow, presented our idea and projects, and met countless old and new acquaintances who accompany us on our journey.

To celebrate our fifth anniversary, we also invited investors who had contributed at least €10,000 to one of our projects to an exclusive event with climate journalist Louisa Schneider (more on that here).

Special challenges in 2025

Of course, not everything was rosy in 2025 – how could it be? Entrepreneurship is nerve-wracking, often a rollercoaster ride. When you operate in four countries, as we do, and want to attract investors not only in Germany but across Europe, anyone who wants to set up a new company and open an account for it will realize that there are connecting elements between two continents that we would rather do without... Bureaucracy is and remains the gravedigger of forward momentum—this is true worldwide and across cultures.

Review and sneak preview

Overall, however, we can be more than satisfied with 2025. We have grown in many ways and want to continue on this course at an even faster pace in 2026.

Here is a little teaser of the developments you can expect in 2026:

• It will be possible to invest in EWIA's project portfolio, starting with “EWIA Impact Ghana Portfolio 1.”

• We will set up a mini-grid in the village of Waterfalls in Cameroon. The project volume will amount to €470,000. We are currently still in the financial engineering phase. Two concepts with different terms and interest rates are currently being reviewed. The goal is to offer interested investors a return of between 8.10% and 8.60%.

But for now, we would like to wish you a happy new year and look forward to continuing on this path together with our customers, the EWIA team, and investors.