Greensworld Taps FasterCapital Equitypilot to Accelerate Solar-Pond and Hybrid Renewables in West Africa
Schindellegi, Swaziland & Dubai, UAE - Set 02, 2025
Greensworld Group LTD and FasterCapital today announced a strategic partnership through FasterCapital’s Equitypilot program to accelerate Greensworld’s deployment of solar-pond and hybrid renewable solutions across Cape Verde and West Africa, leveraging FasterCapital’s global acceleration, funding and go-to-market expertise.
Market opportunity & problem statement
The West African island and coastal market is experiencing rapid demand for resilient, low-cost renewable power—projected at double-digit CAGR while grid instability and high diesel costs persist. Small island grids and remote communities face disproportionate energy costs and limited local capacity for project development. Greensworld targets this white space by addressing intermittency, storage and land-use constraints with modular solar-pond and hybrid wind-solar microgrid systems designed for island and coastal environments, positioning itself against legacy diesel providers and fragmented independent power producers.
Startup solution & differentiation
Greensworld combines patented solar-pond thermal storage with modular PV and wind integration to deliver 24/7 renewable power with reduced land footprint and lower levelized cost of energy (LCOE). The solution emphasizes local manufacturing partners, rapid deployment templates, and community-centered O&M training to accelerate adoption. Early feasibility studies (Cape Verde business plan, Q2 2023) and pilot designs show potential LCOE reductions versus diesel of 30–50% and system modularity that shortens project timelines. Greensworld’s approach targets both utility-scale island needs and distributed microgrid deployments, creating multiple commercial revenue streams from power sales, EPC services, and long-term operations contracts.
FasterCapital partnership value
Through Equitypilot, Greensworld will receive strategic capital, tailored acceleration services, technical mentorship, and investor introductions to expedite proof-of-concept and market entry. FasterCapital’s selective criteria prioritize scalable climate-tech ventures with defensible IP and clear unit economics; acceptance into Equitypilot validates Greensworld’s technology and market fit. Over a 12–18 month acceleration timeline, the partnership will focus on completing pilots in Cape Verde, securing anchor customers, and preparing a seed round to scale regional deployments and local manufacturing partnerships.
Executive quotes
“Hesham Zreik: FasterCapital invests where technology meets market need. Greensworld’s hybrid solar-pond design addresses key pain points for island grids—resilience, cost and deployment speed. Equitypilot will accelerate commercial pilots and investor readiness,” said Hesham Zreik, Founder, FasterCapital.
“Greensworld’s mission is delivering affordable, reliable renewable power to island and coastal communities. Partnering with FasterCapital gives us the strategic capital, global network and operational playbook to move from design to deployed projects faster—and with local impact,” said Kurt Baumgartner CEO of Greensworld Group LTD SPV.
Growth trajectory & near-term plans
Immediate milestones include completing site selection and permits for a pilot project in Cape Verde, finalizing technical validation, and securing anchor off-takers within 6–9 months. The partners plan a seed fundraising round to fund regional roll-out across select West African islands and coastal communities within 18–24 months. Long-term, Greensworld aims to replicate the model across similar island markets globally.
About Greensworld Group LTD SPV (Greensworld Global KLG) Greensworld develops modular hybrid renewable systems—solar-pond thermal storage, PV and wind for island and coastal electrification. Founded to tackle high diesel dependence and grid fragility, Greensworld combines engineering, local partnerships, and scalable deployment models to deliver resilient, affordable power.
About FasterCapital
FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now #1 venture builder in terms of number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The Equitypilot program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.