Growth-Stage Capital Raise for Solengy Haiti S.A.

Latin America & the Caribbean
CrossBoundary Advisory
Clean Power & Energy Transition
Market: Haiti
Facilitating $13.5M in growth-stage capital from institutional investors to meet rising demand for clean, reliable energy in Haiti
Capabilities:
Capital raising
Deal structuring
Fundraising support
Market research/analysis
Opportunity validation
Post-investment planning

About the Client

Solengy Haiti S.A. is the leading solar energy solution provider in Haiti. Solengy offers customer financing which unlocks the opportunity for energy transition across Haiti where access to credit is severely limited.

Solengy offers residential, commercial and industrial customers turnkey and custom solar energy systems with best-in-class technology and customer service. Solengy’s solutions are all 100% in-house designs, with proprietary technology. Solengy has designed and implemented 120+ unique projects with major clients such as Digicel and Heineken.

Engagement

Following earlier support through the USAID Haiti INVEST initiative, CrossBoundary Advisory was engaged again to assist Solengy in securing growth-stage capital from institutional investors. The mandate included strategic advisory and investor outreach to attract leading development finance institutions (DFIs) capable of anchoring a large-scale expansion.

Solengy Haiti is a success story supported initially through the USAID Haiti INVEST mandate which transitioned into a successful commercial client. This transaction builds on years of work to develop Haiti’s renewable energy sector, a market with enormous potential yet constrained by financing gaps.

Approach

CrossBoundary Advisory worked closely with Solengy’s leadership to define a compelling growth narrative and build robust financial and investment materials.

Specifically, the team:

  • Conducted in-depth interviews with management to define Solengy’s business model and future growth trajectory
  • Analyzed historical performance and conducted market research to benchmark future costs and growth assumptions
  • Developed a financial model and pitch deck to forecast Solengy’s future performance and understand the competitive landscape, growth strategy, and value proposition
  • Identified and pitched to potential investors, facilitating match-making meetings between the investors and the company in Haiti
  • Advised Solengy during term sheet negotiations with DFIs and private investors

Results

Negotiated and facilitated a $13.5M debt investment from IFC and IDB Invest to scale Haiti’s solar energy operations

This financing builds on prior investments of $4.5M in debt, raised with CrossBoundary Advisory’s support, from private lenders (Haitian banks) and DFIs including the World Bank’s Off Grid Electricity Fund and France’s PROPARCO

Helped Solengy to create 465+ jobs in rural villages (70% of which are for women) and provide access to electricity for over 86,000 children