Ecoligo is a solar utility that provides low-cost solar energy to local businesses in developing countries. Projects are financed through an investing platform, where ecoligo offers attractive and tangible projects with a fixed interest rate to private investors. Investments in the projects on ecoligo’s platform are not only profitable, but also support economic development and reduce CO2 emissions.
Local businesses in developing countries face high electricity costs and lack a stable power supply. Solar energy systems are the solution to these issues. However, due to the situation in these countries, they don’t have access to finance for these.
Ecoligo provides low cost solar energy to local businesses, saving them up to 40% on their energy costs. By financing the projects via its crowdinvesting platform, ecoligo closes the finance gap while providing attractive returns to private investors.
The value proposition
Ecoligo can offer solar energy at a lower rate than local and international solar power providers. Furthermore, by operating the projects, ecoligo can manage risks much more effectively than other crowdinvesting platforms with similar projects, who have no involvement in their implementation.
Markus has worked for several years for the German development cooperation with a focus on business models and sustainable energy market development in developing countries.
Martin is a technical expert in microgrid technologies and business development for renewables in developing countries. He has built up businesses and teams before for a large companies and a start-up.
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