This is ecoligo
ecoligo is a solar utility that provides low-cost solar energy to local businesses in emerging markets. By financing the solar systems through a crowdinvesting platform, we close the finance gap that prevents these projects from being realised.
In emerging markets, local businesses are faced with rapidly rising costs of energy and unstable power supply. Additionally, the energy is typically provided by diesel generators or the national grid, both of which burn fossil fuels that damage the environment and contribute to climate change.
Clean, low-cost energy solutions, such as solar power, are both technically and financially viable. However, they are prevented from being implemented by a lack of available finance; international financing associations focus on large scale projects, while local loans are only available with low lead times and high interest rates. Consequently, solar projects with a volume of between €50.000 and €2.5m are not realised, despite their attractiveness.
ecoligo finances solar projects through the crowdinvesting platform, working with local partners to build, operate and maintain each solar system. Through pay-per-use solutions, ecoligo’s customers only pay for the energy used, and own the system after the contract ends. With the cost of national grid-generated power already high and rising fast, this saves our customers around 30-40% on their electricity costs.
About the team
Chief Executive Officer
Chief Financial Officer
ecoligo was founded by Markus Schwaninger and Martin Baart, three years after they met at a solar conference in Kenya in 2013. Thanks to many years of experience in the renewable energy and development cooperation, the two have impressive knowledge of these fields and an extensive professional network. Certified experts for the financing of projects in the areas of climate and renewable energy, Martin and Markus are often asked to speak at conferences and events and provide consultancy on these topics. They are supported in marketing and communications by Emma Patmore. Cas Luuring is developing and automating the company’s digital processes. Ezgi Özcan manages ecoligo’s solar projects. Client relationships and sales are managed by Rasmus Hansen, who is based in Ghana.
Data and Software Architect