WELCOME TO THE TEAM

The German Investment and Asset Management company KGAL has taken a twenty percent ownership position in SunErgy through a private placement. With an option to increase their ownership.

Two of the members of the Management Board of KGAL, Chief Operation Officer Gert Waltenbauer and Chief Investment Officer Klaus Wolf, also concluded a parallel investment of two percent. Dr. Wolf will also join the SunErgy Board of Directors.

“We are very pleased for KGAL to join us,” says Chairman of the Board of Directors and one of the main shareholders, Alf Bjørseth, who continues “KGAL is an investment firm with twenty billion EUR under management. They are active in real estate, airplane leasing and renewable energy, owning several solar parks in Europe. They have been studying the potential of the off-grid solar market and solar energy companies being active in Africa for some time. We are proud that they finally selected us.”

“The money from KGAL will be used for continued expansion. Our goal is to have one million users within eight years and be one of the leading off-grid solar energy companies in Africa. So far, focus has been on Cameroon with the intention to expand into a couple of more countries, preferably in West Africa,” Bjørseth concludes.

As previously informed, eight solar power stations will be opened this year, giving electricity to more than 20 000 people. In addition, we will deliver solar power electricity to mobile companies for operating their mobile towers, minor private and public enterprises, schools and health centers. 

The African off-grid market is enormous. We are all set to go. We have built the infrastructure, made all agreements necessary and tested the equipment. The first four villages have been up and running for some time. Everything works as planned and we are, together with our 42 colleagues in SunErgy Cameroon, not only ready to roll out; we are going full steam ahead”.

FOUR MORE VILLAGES

During the International Solar Day 2018, held in Oslo on May 16, we signed the agreement for the purchase of four more villages; this in addition to the two already delivered. 

The International Solar Day is an annual event gathering representatives from the Norwegian solar industry, sponsored by Norwegian Energy Partners and Solar Energy Cluster Norway.

The picture shows Mr. Morten Schøyen, CMO at Eltek and Dr. Stein Skjørshammer CEO of SunErgy signing the agreement; Eltek being the “solar equipment” supplier.

We shall “electrify” eight villages this year. No shortage of work. With the equipment for the next six villages ordered and delivered, we are well under way.

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Microsoft , New Sun Road and SunErgy

Here is a picture from last week visit to US for a two day meeting with Microsoft and New Sun Road at Microsoft`s office in San Francisco.

The plan is that New Sun Road, located at University of California at Berkley will deliver prepaid electrical meters with Microsoft providing software, including Microsoft Cloud Services.

Picture shows participants from New Sun Road, Microsoft and SunErgy.

Our business is truly international, bringing partners and products together on a global scale, enabling the world’s disadvantaged to move towards a brighter and more prosperous future.

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THE 5 MILLION-NOK MILESTONE DAY

Friday was a milestone day in the history of SunErgy as the company successfully completed a 5 000 000 Norwegian krone or a little more than half a million Euro share capital increase.

“This is how we planned from the very start” says the Mr. Haugen, chair of the board of directors and co-founder together with Dr. Skjorshammer, who serves as Managing Director.

“The idea from the very beginning has been to take in additional capital as we continued building” Mr. Haugen and Dr. Skjorshammer informs. “So far it has worked as planned. Existing shareholders contributed the money needed to finish the next villages. We interpret this as a vote of confidence in us, the worked carried out and the vision of SunErgy. Actually, we could have gotten more money, but this was what we needed this time”, they concluded, thanking all who support and take an active part in the future success of SunErgy.

“HAPPY BIRTHDAY”

On the 15 of August we will celebrate the one-year anniversary of switching on electricity in the village of Bokosso. In addition this past year we provided the people with access to cable TV and the Internet.

Enclosed you can read how the people have experienced the past year. We named it “The peoples voice”

 

NORWEGIANS VISITING CAMEROON

Ten people from Norway visited Cameroon during ten days in the beginning of February. «The purpose was to learn more about the SunErgy project» said Mr. Knut-Arne Wendel, who was responsible for the trip. «We had ten busy days. We went to Bokosso and had a Norwegian – Cameroon day at Bamenda University of Science and Technoloygy (BUST) in Bamenda. 

The visit was full of interesting experiences, truly life changing».

The Norwegians  in Cameroonian national costumes in front of the SunErgy HQ.

The Norwegians in Cameroonian national costumes in front of the SunErgy HQ.

Norwegian - Cameroon day at BUST. Picture: Norwegian - Cameroon day at BUST. In middle madame Foncha, chairwoman BUST. Second from right the Chancellor, Professor Gwanfogbe. Far right V.C. Dr. Kinni.

 Norwegian – Cameroon day at BUST. In middle madame Foncha, chairwoman BUST. Second from right the Chancellor, Professor Gwanfogbe. Far right V.C. Dr. Kinni.