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Ublf Flat-roof installation system for privately owned modules
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pv magazine partnershipBerlin-based solar company, ecoligo GmbH has  stanley cup launched another investment campaign on the platform ecoligo.investments for the financing of a 75 kW rooftop solar PV system for Kenyan flower farm, Rift Valley Roses. The project costs 鈧?4,000 and investors will retain a 5.50% interest rate over a loan period of eight years.Local solar company, Harmonic Systems Ltd will install the system, according to a statement released. The generated solar energy is expected to cover 50% of Rif stanley cup t Valley Roses s electricity demand, including the operation of water pumps, and refrigeration and administrative facilities. Reportedly, it has 424 employees, and stretches over an area of 22 hectares.Complicated financingIn the light of the high electricity demand, and ever-increasing electricity costs of flower farms, many operations in Kenya are opting for solar PV systems, to reduce operational expenses. However, financing options through local banks are complicated to obtain, a stanley cup s interest rates are prohibitively high.At this year s The Smarter E, held in Germany, pv magazine met with Markus Schwaninger, founder and CFO of ecoligo to discuss his business model. The founders recognized that the financing of mid-sized PV projects often falls through cracks of development aid, which only finances systems after a certain size and cost have been reached.We are offering the company a solution whereby they are receiving solar energy from us without making their own large inves