Solengy Haiti

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The proposed investment is a 10-year secured corporate loan facility of up to US$ 12 million to Solengy Haiti S.A. (“Solengy” or the “Borrower”, or the “Company”). The financing package consists of (i) an up to US$ 3 million senior IFC A loan; (ii) an up to US$[3] million senior parallel loans; and (iii) an additional US$[6] million subordinated loan to de-risk the investment for senior lenders including IFC. Solengy is a leading distributed energy solution provider, offering turnkey and custom energy systems between 1KWp to 600KWp to residentials, commercial and industrial customers. The loan facility will be used to fund the deployment of additional solar and battery energy storage systems (of up to 5 MWp and 11MWh) through the Company’s lease-to-own program to its customers.The company leases a building for its operations consisting of a workshop for equipment assembly and a warehouse (10,000 sqf), and offices (2,000 sqf), located at the Airport Industrial Park in Port-au-Prince. Solengy business model focus on leasing energy solutions, encompassing photovoltaic system and batteries. Solengy procures, installs, and maintains equipment during the contract tenor and provides extended warranties including insurance. Ownership of the equipment is transferred to the customers at the end of the leasing period. Solengy has installed 690 systems in 84 projects over the past 13 years across Haiti.