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”.

MUNDONGO NEXT

Enclosed is a picture of Mundongo, the next village to be “switched on”. Work is going full speed ahead with the solar powerhouse and the site finished. Soon the dedicated people of SunErgy Cameroon will start building the grid, wiring the homes getting ready to switch on the lights with almost 600 families or 3 600 people having access to electricity, cable TV and Internet. Moving forward! One village at the time.

SWITCHING ON LIGHTS IN KOTTO 1

In previous articles I reported on the work going on in the village of Kotto 1 and switching on the lights, promising a video from the glorious event. Here it is for you to enjoy and share!

GETTING READY

Enclosed are the latest pictures from Kotho 1, taken today.

The pictures show the solar park and the batteries installed. We will start charging the batteries next week getting ready for September 8. Do we need to tell that the whole village is filled with excitement and expectations? 8 of September cannot come soon enough! Generations of waiting are over. Light is here. Hopes and dream coming through!

A big applause and salute to Mr. Mike Fohba, Managing Director of SunErgy Cameroon and his team! They have been working hard and diligently under extreme condition, this being the rainy season.

Guys, we salute you! You are real heroes!

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GETTING CLOSER

On the 8 of September we will switch on electricity in Kotho 1 – the third village in the project.

Work is going full speed ahead with more than twenty people working in the village wiring homes, constructing the solar park and building the grid for electricity, cable TV and Internet.

The excitement and expectation is to be felt as soon as you arrive at the village; the dawn of a new day!

Enclosed are four pictures from Dr. Skjorshammers visit last week, showing young electrician going to wire a home, a home just being wired, pulling a 2000 meter cable for the grid from the solar power station to the road by hand and pulling 4000 meter cable constructing the grid using a car. Hard manual work! But then, we are deep into the rainforest! Not very sophisticated, but it works! The rainy season does not make it any easier. Soon September 8 is here and more than 100 years of darkness turns to light! More than 3 000 people will experience pure joy! Waiting is over!

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JUST RETURNED

Yesterday I returned from Cameroon from one of my monthly visits.

The main agenda this time was to visit the villages of Bokosso and Kotho 1.

In Bokosso the task was to check that things are in order and running as planned.

In Kotho 1, the next village to have electricity the job was to check status. The work is going full speed ahead with the air vibrating of expectation of things to come. People are volunteering en masse. No shortage of people wanting to help. Young and old, men and women, boys and girls; you name it, they are there!

The enclosed pictures are from Kotho 1 with the first group showing the fencing of the solar power station, Mr. Michel laying the foundation for the power station after having himself built the cement blocks seen in the background (hard manual labor) and Mr. Mike explain and inspecting the work.

The second group of pictures shows pure enjoyment at the well-deserved lunch break and the guy preparing and serving the food.

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