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EIT InnoEnergy: Ecoligo’s newest project funded in record time

EIT InnoEnergy ecoligo

EIT InnoEnergy’s German start-up ecoligo found financing for their newest crowdfunding project in Accra, Ghana.

German crowdinvestors were able to raise the needed EUR 14 000 in eleven hours. They now support the Impact Hub in Accra, Ghana, which was opened recently. In return they receive a 5,5% interest over a period of 7 years.

The Hub is a co-working space for entrepreneurs and start-ups that create sustainable solutions for regional challenges that support individual growth in Ghana.

With the investment they become the first business in Ghana who use the solar-as-a-service solution. This includes a roof-mounted solar panel array with a capacity of 8.8 kWp supported by the German manufacture Hoppecke, and a solar plus battery system which can generate 13.5 MWh of electricity per year. This covers nearly 90% of the needed electricity and helps to not only lower the energy consumption of the Hub, also it saves 6 tonnes of CO2 emissions per year.

William Senyo, co-founder of the Impact Hub Accra, said: 'We, at the Impact Hub Accra are an innovation enclave that not only supports local Entrepreneurs in their innovations, but also lives innovation. We are therefore excited to make the transition towards a sustainable energy future, by having our own solar-battery system. With this we can showcase that this technology is perfectly suited to Ghana and helps us to achieve one of our key goals: being sustainable in everything we do. The investors are helping to finance some really amazing things, building a future for Africa.'

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