EWIA Expands Solar Investment in Africa

Key Figures & Findings: EWIA Green Investments, a Munich and Accra-based solar company operating across West Africa, has announced a new financing round via the digital platform Conda to drive expansion in the region. The offering involves the issuance of tokenized participation certificates worth up to $2.15 million through a dedicated special purpose vehicle (SPV). Co-founders Ralph Schneider and Timo Schäfer emphasize the firm’s mission to replace costly and unreliable diesel generation with tailored solar solutions for commercial and industrial clients. EWIA, which began as a solar financier in Ghana in 2020, now serves as a full EPC provider and developer, with 76 employees (41% of whom are women) working across its regional subsidiaries.

Insights: In April, EWIA acquired SunErgy GmbH to enter the Cameroonian market and electrify 92 villages, reaching 600,000 people. The company aims to expand its project portfolio to exceed $67 million within five years, supported by a current valuation of $13.25 million and a minimum investment entry of $270 per share.

Future Implications: If the capital round is successful, EWIA could scale its solar deployments and workforce across West Africa by 2027, while also maturing its EWIAFinance.de platform into a leading digital investment vehicle. This would likely enhance its appeal to institutional investors seeking climate-aligned assets in emerging markets.

Source: GlobeNewswire