Our company is on a mission to supply Cheap, Clean, and Affordable Solar Power to thousands of rural, off-grid households by eradicating the use of kerosene lamps and assisting families to embrace solar light for home use.
- Members of the Rural Electrification and Renewable Energy Corporation of Kenya.
- Increased quality in solar PV technology, improving our solar panels.
- Run crowdfunding activity to raise startup capital.
- Kenya Renewable Energy Association partnership.
- We have 500 households subscribing to our service.
- The Pay-As-You-Go business model has been approved by the authority.
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The Business details for the Cheap, Clean, and Affordable Solar Power Project
Our Project is a finished product. The Solar Kit consists of A solar panel, 4 Bulbs, a battery, Radio, and a Phone charger.
The high upfront cost of solar equipment has made it difficult to compete against other sources of power.
Investing in solar energy may have a lot of benefits and save lots of money in the long term, but many African families can simply not afford the high initial capital.
However, all of this is changing. Over the last decade, a lot of progress has been made in solar technology – making it more cheaper, more reliable, and more efficient. As a result, solar power equipment prices have been falling, and are now within the reach of many Africans.
We are looking forward to installing 1 000 000 solar kits in houses by 2030. This is a great business opportunity.
In comparison with other East African countries, the overall outlook for the solar sector in Kenya is good:
Kenya is the most politically stable East African country with a liberalized economy that has seen steady economic growth over the past ten years.
Much of the country is off-grid. The country’s large geographic size combined with the limited reach and capacity of the grid ensures that off-grid solutions will be the only plausible source of power.
A number of economically active sectors are located off-grid and will purchase PV systems provided that they are convinced they work. As well, households and small businesses in agricultural areas (cashew, tea, coffee, cotton, sisal, and sugar) have cash and will pay for PV systems to electrify their homes and premises.
PV sales have been growing at a sustained rate of over 15 % per year for the last five years.
Progress/Proof of the Cheap, Clean, and Affordable Solar Power Project
Using a unique business model called Pay-As-You-Go (PAYG) which is a micropayment scheme to sell solar light kits in rural Kenya we aim to eradicate dangerous and toxic kerosene lamps and improve lives through solar technology.
The solar kit which consists of 4 lamps and a solar panel cost 100 dollars. A client only needs to pay a deposit of just 20 dollars and get the kit. We do all the installation at his home. The remaining 80 dollars is paid in instalments of 10 dollars for 8 months and subsequent electricity is free to the new owner. A business plan with a detailed presentation is available upon request.
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My business aim is to introduce the use of solar lamps in rural households instead of using Kerosene lamps for lighting and cooking. l want to supply solar cooking stoves and solar lamps in order to minimize the use of kerosene if not to completely eradicate it.
Solar lighting isn’t hype. It’s not a trend. It’s a simple, cost-effective solution for helping one out of every five people in this world who lack electricity have light to brighten up their lives.
Solar lights don’t break, and they don’t explode and start fires at home as kerosene lanterns can. Cost-effective. Sunshine is free! And with the money saved from not having to buy kerosene, people can make their money back on a solar light within 1-2 months.
By use of solar power, we will reduce carbon emissions and have a clean environment.
The Deal details for the Cheap, Clean, and Affordable Solar Power Project
- The Cheap, Clean, and Affordable Solar Power project target is $ 250 000 With a $ 5 000 minimum per Investor.
- No previous investment was raised for this deal.
- We are offering equity.
The Company is looking to expand its business by building new factories and purchasing new equipment. It determines that it needs to raise 250 000 in capital to fund its growth.
To obtain this capital we decide to do so through equity financing. For the equity financing component, it sells a 15% equity stake in its business to a private investor in return for 150 000 in capital.
- You can benefit from the SEIS scheme.
- Current stage of the project is Pre-Startup/R&D.
- Any investor role is acceptable for this project (Silent Investor, Daily involvement investor, Weekly involvement investor, Monthly involvement investor).
- Any investor type is suitable for this project (Angel Investors, Peer-to-Peer lenders, Personal Investors, Venture Capitalists).
- The main industry for this investment opportunity Is Energy & Natural Resources with the subcategories of Energy, Renewables, and Environmental.
- We are located in Kenya.
Contact us for more information and details about the Cheap, Clean, and Affordable Solar Power Project
Disclaimer: The content of this investment opportunity has not been approved by an authorised person as defined by the Financial Services and Markets Act 2000. Relying on this investment opportunity to involve in any investment activity exposes an individual to a significant risk of losing all of the property or other investment funds. Investors should conduct their own thorough research and seek professional advice.