Martin Tauschke, CEO of SUNfarming GmbH: “We are proud that in 2020 we were once again able to demonstrate our earning power despite the effects of the pandemic. We are just as happy about the positive start into the 2021 financial year and the successful full placement of our listed debut bond. We will do everything in our power to live up to the trust of our investors and to establish ourselves as a reliable issuer on the capital market over the long term.”
SUNfarming GmbH recorded a successful 2020 financial year based on preliminary figures. SUNfarming was able to increase earnings before interest, taxes, depreciation and amortization (EBITDA) by 29.4% from EUR 1.7 million to EUR 2.2 million. This corresponds to an improved EBITDA margin of 7.9% after 4.7% in the previous year. The annual surplus increased by 87.5% from EUR 0.8 million to EUR 1.5 million. The positive development is also reflected in the equity ratio, which rose from 24.7% to 34.9%.
For the 2021 financial year, SUNfarming expects to improve both sales and earnings. In the 1st quarter, projects with an installed capacity of approx. 5 MWp and in Poland of approx. 3.9 MWp were successfully implemented. In Germany there were seven roof-top projects with a total output of 3.5 MWp and two ground-mounted systems with an output of 750 kWp each.
For the rest of the year there are currently around 27.3 MWp of new projects being planned and implemented. More than 60% of these consist of free-field PV projects that are subject to tendering with a capacity of over 750 kWp, around 20% consist of classic EEG-compensated free-field systems with an output of up to 750 kWp and around 20% roof systems with a total output of over 100 kWp. In addition to the new projects, around 29 MWp of project expansions are being implemented, of which the first two projects will be completed in the second quarter. In addition, several major projects of 20 MWp and more are in development for 2022.
Gustav Radloff is not only an excellent CEO, but also a top runner at this year’s kayak marathon in South Africa. With this victory he qualified for the 2021 World Cup in Romania.
And as if that weren’t enough, he took part in two more marathons in the 45-50 and 35-50 age groups, where he came second and fourth.
The SUNfarming team warmly congratulates. We are very proud of him.
-I had a wonderful lifetime experience , as a not so technically person I truly have to say @Faure van Schalkwyk you are a super teacher / facilitator…@Anelda you are fantastic administrator. Thank you guys for a super experience and everyone whom I met , never was made to feel like I was less qualified thank you guys . I pray we all succeed in our future endeavors and may our paths meet again as we grow in the industry.. God bless you all Gentleman. Even me as a technical person really learned a lot.
-Thank you to all and for everything Faure and Anelda. You are legends.
-Yes. Thank you all. Learned an awful lot. Laughed and worried. You are very wise men with many years of knowledge and experience. Thank you Anelda for all your hard work and Faure. I will come and do it with you again anytime. It was awfully nice
-Best online Presenters i have experience – kept once attention at all times
-They have given us a good content and very easy to grasp. They interacted with everyone well
-They are all prepared and professional
-Very impressed with the presenters’ ability to stimulate participation. Kudos to the team for the video training setup which I think is quite effective.
– …it is always a pleasure to attend SSEG courses. Faure, Dr Botha and Josh are fantastic and is professional
“None of us can do that much
like we all can do together “.
With this in mind, we wish you and your families a Merry Christmas and a hopeful start to the new year. Health, happiness and good luck- combined with our sincere thanks for your trust!
With festive greetings
Your SUNfarming team
Equipped with a starter kit for their own vegetable gardens (watering can, soil, bucket, vegetable plants), our first trainees left our training 4 weeks ago with a certificate proofing they had successfully attended the training in vegetable growing and healthy nutrition.
This week we visited them at home to see whether what they had learned could also be implemented at home – and we are thrilled! All of them have created a small vegetable garden, built a fence, the plants are strong and, thanks to good care, grow into healthy vegetables.
Our project shows that with the help to help themselves, and with our trainings, we have given people in the townships of South Africa hope that everyone can contribute something to improve their own living conditions. Parents can be a role model for their children, children learn that it pays to be proactive and how important a healthy diet is.
Pictures often say more than words:
The trainings are part of the SUNfarming Vitality Porridge Project in South Africa. The SUNfarming CoVID-19 Response project is funded by develoPPP funds from the German Ministry for Economic cooperation and Development through KfW / DEG. The project is supported by June & Andrew Mlangeni Foundation and F.E.E.D. (Food-Energy-Education-Development e.V.), which support SUNfarming in the implementation.
Our PV open space systems offer many plants and animals urgently needed living space that has been lost due to intensively used agricultural areas. Our perennial wild herb meadows make an important contribution to promoting biodiversity.According to the Biodiversity Council, the extinction of pollinator insects threatens global food production with a value of 235 to 577 billion dollars per year. Out of 8 million insects, 1 million are threatened with extinction.
Extensive permanent green areas are created under the modules of our PV open-air systems, offering habitats for many animal and plant species that have already disappeared from intensively used agricultural areas. More insects mean more breeding birds. Here you can find food and e.g. Also sitting on the module rows and security fences. We do not fertilize or use any pesticides and there is also no machine tillage, factors that can negatively influence the fertility of the soil and the water balance. At the same time, the wild herb meadows promote humus formation, and the humus in turn binds carbon dioxide (CO2).
We work together with shepherds who like to use the fenced PV systems for their sheep. This summer there are 1200 sheep that keep the vegetation between the module rows short. The security fence offers protection from wolves. The module rows also offer weather protection in the rain or provide shade in summer.
„The medicinal herbs for the Vitality Porridge are grown, dried and bottled by our trainees, together with a wide variety of vegetables, in our Food & Energy Training Centers.
The extruders provided on the Food & Energy plants for the production of whole foods for our trainees have been technically enlarged so that they can produce up to 200,000 portions of porridge per day“, explains Peter Schrum, SUNfarming founder and main shareholder.
„Emergency aid through food donations is intended to help combat acute hunger. But in the long term we want to give people a sustainable future perspective through education and jobs in our Food & Energy training centre“, continous Peter Schrum.
Together with local partners in South Africa, Togo, Uganda, Burkina Faso and other African countries, high-quality school meals for children are to be provided. The porridge, prepared with water or milk, contains all the necessary nutrients and also the immune-boosting medicinal herbs Artemisia, ginger and turmeric. Together with emergency food aid, the Food & Energy plants create training positions in horticulture and for electrical assistants. Further training for physics and biology teachers in healthy nutrition and sustainable energy production are offered. The knowledge obtained can be passed on directly to school children, students and other interested parties.
With Food & Energy plants and Vitality Porridge Production, SUNfarming makes a sustainable contribution to combating the effects of the corona pandemic.
The system is grid-connected and will shortly, in consultation with the local electricity provider Jirama, supply the city of Antsirabe with clean, renewable solar energy.
Gustav Radloff is the representative of the German photovoltaic company SUNfarming in South Africa and took part in the German Training Week (GTW) in 2019 of the project development program of the energy export initiative on project development in Botswana. In the interview, he reports on his experience and the added value of GTW for his company.
The German Training Weeks (GTWs) are multi-day training courses for energy experts in developing and emerging countries. The aim is to provide local energy experts from business and administration with the right tools for the successful development of high-quality renewable energy projects. German companies have the opportunity to participate as practical trainers.
What was your impression of the German Training Week in Botswana?
It was the first time that I participated in such an event. For me personally it was very helpful to get a good understanding of what the Botswana market looks like. Thanks to such a format, it is possible to get an idea of a country much faster and to see everything from the right perspective than if you tried it alone. This is where a group of crucial people, even from the Ministry of Energy, come together in one place and give important insights. If you come to the country alone, it is difficult to know who to meet, for example.
Was this your first time in Botswana?
No, I’ve been to Botswana several times because it borders South Africa and I work here. However, it is difficult to know what is really happening within a country in terms of specific regulations and their details, especially in the field of renewable energies. Some of the things we learned this week were a surprise for many participants.
What experience have you had with the Energy Export Initiative? Would you recommend participation to other companies?
It makes a lot of sense to take part in an event organized by the Energy Export Initiative because, among other things, a good way is to get to know many of the relevant actors in a particular country. Project development is interesting for us because we are project developers ourselves. We have found that it is very difficult in Africa to develop projects with good and strong local partners. We wanted to understand what is being done to support the development of project development skills in each country. I believe that this is a major obstacle to large-scale implementation and faster introduction of renewable energies. In our experience, the partners we could find have no understanding of the big picture that would be needed to develop a project. It is therefore good that the Energy Export Initiative offers a project development training program for these partners.
To what extent was participation in the GTW worthwhile for SUNfarming?
We were already talking to some people in Botswana and also some government people who were very interested. But now we understand much better what are the real goals or the steps we have to take if we want to achieve something. And we don’t need several months of our own working time to find out what I now know about the specific technical, economic and legal situation in Botswana.
Would you take part in a German Training Week again, for example in a different context or in a different country?
Even in countries where we have more networks and more knowledge, such an event is definitely worth attending again. People often make the mistake of thinking that if you do business in Africa, you do business in Africa. Few companies understand that each country is really unique. So if you do something in Botswana – even though it is only the neighboring country – it is completely different than doing something in Namibia, it is completely different than doing it in Zimbabwe … So I think that such an event is really helpful to provide additional perspectives to develop.
After several months of preparation, SUNfarming signed a PPA with the Togolese state on Thursday, January 16, 2020, for over 50 MWp Food & Energy plants. Installed on 2 x 50 hectares of land, the systems, in addition to supplying energy, are intended to help up to 50,000 people in the region receive training in the area of organic vegetable and egg production in the next 10 years. In addition, technicians are trained for the solar sector and the basics of electromobility are taught. Like in all other African countries, SUNfarming strives to actively involve GIZ and or KfW / DEG.
The SUNfarming Food & Energy facility will be the starting signal for a program to promote rural structural development in Togo. The partner in Togo is the CCIT (Chambre de Commerce et d’Industrie du Togo, part of the Ministre du Commerce. It is responsible for the training and operation of the Food & Energy plants, under the guidance of SUNfarming. German storage and processing technologies in the field of vegetables and egg processing are as much part of the overall project as the production planning of e.g. tomato juice and ketchup to attract additional investors in these areas.
The SUNfarming Food & Energy concept can make a significant contribution to the success of the “Development Program in Rural Areas” planned by the Togolese government. In addition to a qualified workforce, this project also provides national and international investors with the energy they need to operate the processing plants that are to be built on site.
(Foto left to right:
Vice President CCIT Remie Moevi, President CCIT Germain Méba, Marc Bidamon, Energy Minister Togo, Peter Schrum, SUNfarming, Tiem Bolidja, Energy Ministry responsible for EE, Prinz Lorenzo Koageh Director SUNfarming Togo, Kossi Amétépé, CCIT 2. Vice President GLE.)