Unlocking Capital for Solar Energy in Haiti – Solengy’s Growth Story

IFC and IDB Invest recently announced a US$13.5M investment in Solengy projects, accelerating the company’s ability to scale renewable energy solutions across Haiti. CrossBoundary Advisory is proud to have played a role in this journey, supporting Solengy through investor engagement, financial modeling, and transaction structuring to unlock capital from both local and international investors.

This transaction builds on years of work to develop Haiti’s renewable energy sector, a market with enormous potential yet constrained by financing gaps. CrossBoundary Advisory has worked with Solengy since 2021, helping secure its first outside investments in small amounts to help prove its business case before this powerful endorsement.

In a previous blog, Renewable Energy Growth in Haiti, CrossBoundary Advisory Managing Director Jamie McInerney explored the broader trends shaping the sector, highlighting the role of investment facilitation in unlocking commercial capital for high-growth enterprises like Solengy.

Solengy began as a USAID Haiti INVEST-supported enterprise, a program that leveraged CrossBoundary’s expertise in deal structuring, financing strategy, and investor engagement. Over several years, our work included:

• Defining the business model and growth strategy through in-depth market analysis
• Developing a financial model and pitch materials to highlight Solengy’s value proposition
• Facilitating investor engagement by identifying suitable partners and coordinating matchmaking meetings
• Supporting negotiations with DFIs, private lenders, and commercial banks

This approach helped secure $4.5M in debt financing from Haitian banks and DFIs such as the World Bank’s Off-Grid Electricity Fund (OGEF) and Proparco. The recent IFC and IDB Invest facility further strengthens Solengy’s ability to scale its impact, providing affordable and reliable energy access to businesses and communities across Haiti.

The success of this deal reinforces the critical role of innovative financing structures in supporting the energy transition in underserved markets. As CrossBoundary continues facilitating investment for high-growth enterprises across emerging economies, Solengy’s story serves as a blueprint for how blended finance can scale renewable energy solutions.

For more insights on the evolving investment landscape in Haiti and how businesses like Solengy are navigating the sector, listen to Rowolson Kuhn, Solengy’s co-founder, on CrossBoundary’s Unbounded podcast: 

Read more about our work with Solengy here: CrossBoundary Advisory Case Study – Fundraise to Scale Haiti’s Leading Solar Systems Provider

Special thanks to the CrossBoundary team who supported this work over the years: Jamie McInerney, Georges Batoussi, Loic Porte, Alfonso Pereira, Henry Burbank, and Caroline Chen.