The WestStream-1 project was launched by us in August 2019. The goal of the project is to build a 100-megawatt wind farm in the northern high-wind region of Mauritania (to put it in perspective: this is equivalent to a wind farm with 50 turbines, each with a capacity of 2 megawatts, which could power approximately 100,000 households in Europe).
The revenue from the crowdfunding is used to finance the current project phase, including all necessary assessments, wind studies, soil studies, environmental and social impact assessments, banking retainers, logistics planning, and construction preparation.
The following timeline presents the key milestones and their chronological planning:
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We offer subordinated loans with individual terms and attractive 8% interest.
Note according to § 12 Abs. 2 Vermögensanlagengesetz (Investment Asset Act): The acquisition of this investment asset is associated with significant risks and can lead to the complete loss of invested capital.
This investment offer is not intended for U.S. citizens.
| Financing Type: | Subordinated Loan |
| Financing limit: | EUR 1.000.000 |
| Interest Rate: | 7% per annum |
| Term | Until June 30, 2023 |
| Repayment | One-time lump sum |
| Interest Payment: | One-time lump sum |
| Minimum Subscription Amount: | EUR 50 |
| Subscription Period: | 6 Monate |
| Anzahl Investoren Bereits investiert | 2 EUR 86350 |
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1. Reduction of approximately 300,000 tons of CO2: WestStream-1 will generate approximately 450 GWh of green electricity per year.
2. Savings in foreign exchange: Approximately $60 million per year in imported diesel for electricity generation
3. Education: With the proceeds from the sale of electricity, a vocational school with a boarding facility in the field of electrical engineering will be established in Nouakchott in cooperation with GIZ and with financial support from the EU's DeveloPPP program. All training positions are free of charge for applicants.
4. Creation of skilled jobs in the vocational school and around the WestStream-1 wind farm.
The development of wind farms requires great care. This includes the examination of the usual prerequisites through wind and soil studies, as well as on-site PPA negotiations conducted in the country.
The funds collected will be used to cover costs incurred between planning and the start of construction. This includes assessments, specialized planning services, structured financing, and comprehensive transport and construction insurance development.
The accredited studies and measurement campaigns as part of the project development serve the financial partners and insurers. The wind farm is backed by an investment guarantee from the World Bank. There are also startup costs that need to be covered before actual construction begins.
The construction of wind farms requires qualified personnel. weelectrify.Africa aims not only to train its crew but also to promote the electrical trade as a whole. To achieve this, young adults will be trained in electrical and mechanical professions in their vocational school with an attached workshop.
weelectrify.Africa places great emphasis on gender equality. Job positions within the company are filled as evenly as possible. This includes technical professions for girls and women and office roles.
weelectrify.Africa's unique selling point is the provision of affordable electricity (planned at 7 cents per kWh). The business model is based on the continued operation of fully refurbished and guaranteed old plants from Central Europe. These plants have been fully depreciated in terms of CO2-footprint.
From the very beginning, weelectrify.Africa will positively influence the economic growth of the target countries. Providing affordable sustainable energy within their countries decouples them from fossil energy markets. This improves the balance of trade and reduces capital outflows.
weelectrify.Africa's power plants also serve to stabilize the existing grid infrastructure. The battery storage system represents a milestone for Mauritania's power grid. The supply of electricity is coordinated with the local power utility, Somelec, and enables the shutdown of old and inefficient diesel generators with low-frequency stability.
weelectrify.Africa utilizes wind turbines from European old stocks. The CO2 footprint and embodied energy of these plants are significantly lower than those of new installations. The company also focuses on sustainable and low-wear management of plants for extended operational life.
weelectrify.Africa constructs base-load-like wind farms in regions with very high wind potential. These wind farms help prevent Africa from purchasing fossil power plants from the Western world, further exacerbating the climate problem.
weelectrify.Africa strengthens the technical and financial mobilization of local resources. This is done with our support from Europe, with the assistance of development banks and local forces. The project actively promotes the transfer of environmentally friendly technologies to the target countries.
