26th July 2022
Our COO Behzad Aghababazadeh just completed the Blended Learning on Green Energy and Climate Finance from renewables academy RENAC. In this brief interview, he shares some of the most surprising insights, and how green energy and climate finance helps impact investors.
The course provides a comprehensive overview of financing of renewable energy and energy efficiency projects from the bank’s perspective. I have always applied such financing methods as an engineer, but this course deepened my existing knowledge and taught me additional skills.
Green finance is all about redirecting the flow of money from the public, private and not-for-profit sectors to sustainable development priorities. It is a partnership between the three main stakeholders: the government, businesses, and citizens. For citizens, it comes down to their awareness of sustainable options, their willingness to pay for them, and whether they live an environmentally friendly lifestyle.
With enPower.life, we want to offer citizens a way in which they can contribute to sustainable development whilst benefitting themselves. Citizens of developed countries in the EU, and in particular Germany because that is where we are based, have the opportunity to invest in solar energy projects and benefit from profitable interest rates and positively impact society. At the same time, we offer a more environmentally friendly lifestyle for the citizens of emerging markets.
Often when we speak about green or climate finance many people believe that it is a type of donation, but the interesting point is that whilst we are helping the planet and making society fairer, evidence is mounting that green businesses offer more economically sustainable and higher returns for investors than non-green investments.
I believe the way that the banks are conducting the project due diligence was a real anchor point in all these topics. You clearly see how they think and evaluate things while as an engineer, you may never have seen such aspects of the project – and even if you have, you don’t know how to manage it. For example, this includes the risk evaluation of the projects and risk mitigation measures that can be applied to minimize the identified risks.
It is always nice that you can participate in a diverse environment of professionals who are practicing same thing in different corners of the world and who share their experiences. It gives you a more holistic approach to the reality of the industry and provides better solutions and new food for thought.
27th June 2022
We are pleased to celebrate our project’s first year anniversary at Aquarius Kigo Resort. enPower.life commissioned the 28 kWp isolated grid solar plant at Aquarius Kigo Resort on the 26th of June 2021. Within the past 365 days, we have already contributed around 32 MWh of clean, affordable, and reliable solar energy into the resort’s daily consumption which resulted in 16.88 tons of CO2 savings equal to avoiding almost 67,740 km of a passenger car traveling. On this occasion, we also talked in a friendly interview with Mr. Fard Kutesa, the General Operational Manager of the resort, to hear his experience from the time the plant was installed until today. We invite you to watch this interview about their experiences and we remind you not to miss the last 5 minutes if you want to see the resort’s solar power plant and its components.
21th April 2022
We have big news to share: enPower.life has ordered the solar panels and inverters for the 35 kWp solar plant for the sustainable business community Yujo Izakaya in Kampala, Uganda. We spoke to Hanif Rehemtulla, the founder and director of Yujo Izakaya. In the video he gives insights into how the war in Ukraine has affected the prices for electricity and wheat products in Uganda. As CEO of the Yujo Izakaya restaurant, after which the business community is named, he is looking forward to the upcoming installation of the solar plant: It will improve independence and help all companies to remain profitable, save costs, and lower CO2 emissions.
For everyone who is still considering investing in this project (and benefiting from the attractive interest rates): Join us now! You can find out more and invest sustainably here:
To the current sustainable investments
Prefer reading to watching a video? Sroll down for the transcript!
I’m Hanif from Yujo Izakaya. I’m reaching out to give you an update on the solar plant installation for Yujo Izakaya. We have some great news this week: the contract has been signed with Equator Solar [enPower.life’s partner company, specialized in the installation of solar plants in East Africa] for our roof – yay! The first funds have been collected and the orders for the solar panels and the inverter have been placed. If all goes well, we’ll have everything up on the roof in a few months, and we’re thrilled! We are really overjoyed that our solar plant is coming soon.
We are experiencing a lot of pressure on prices for various things for the Yujo Izakaya restaurant. The prices for wheat and wheat flour have risen sharply. A lot of the grains for Uganda and East Africa come from Ukraine. And so the Ukraine war affects the price of the flour that goes into our pasta, our dumplings, and other items on our menu. Prices have only just started to go up and I think they will continue to do so throughout the year.
Energy costs have been hit even harder; the oil and gas prices and the resulting electricity prices. This is due to the use of fossil fuels for electricity production in Uganda, and this has a significant impact on our energy prices. So the installation of this solar system will really make a big difference, for us and for the tenants throughout the site; to offset the amount of carbon we put into the environment and keep our costs down for all of our businesses. So we are very much looking forward to the enPower.life solar plant coming soon.
And for those of you who are still considering investing sustainably – we hope you will take the opportunity to participate in the last investment round. We are really looking forward to this project. The solar panels will be installed right here on this roof behind us. I’m recording from up here with the three roofs as you can see. Here above the brewery Banange Breweries and Yujo Izakaya is where everything will sit and all the electricity will be produced for us by the sun. See you soon, I’ll be back with more info soon.
The first enPower.life solar system will be installed on the roof of Uganda’s first 5-star eco-hotel: The Aquarius Kigo Resort in the Ugandan capital of Kampala will benefit from sustainable solar energy in the future. For this first solar energy project, enPower.life planned a 28 kWp solar system. The current developments in December 2020 show: The cooperation is starting faster than planned. In the video, hotel manager Nina Pirrwitz tells us about the cooperation with enPower.life.
Manager of the Aquarius Kigo Resort, Nina Pirrwitz:
“Our resort is under construction and we will be opening shortly. Of course we need a reliable power supply. However, it became apparent that the quality of the grid is significantly worse than expected. What we urgently need is a backup system. We are very much looking forward to working with enPower.life and installing the solar system. It is very important to us that we avoid environmentally harmful diesel generators, as our hotel concept is completely based on sustainability. Sustainability and environmental protection are key for the resort and therefore an environmentally friendly energy supply also plays an important role. Thus, a supply with solar power is ideal and a solar system on our own roof offers a reliable, safe, and environmentally friendly solution. In addition to reducing our carbon footprint, costs play an essential role. Through the cooperation with enPower.life, it is possible for us to finance a solar system. In addition, we can reduce our electricity costs by installing the solar system, since the solution from enPower.life is cheaper than electricity from the grid.”
For the installation of the solar system, enPower.life works together with the EPC company EQUATOR SOLAR.
16th February 2021