PROJECT

Projects

Summary of Investment Information

Project Number

49360

Company Name

Solengy Haiti S.A.

Date SPI Disclosed

Oct 1, 2024

Country

Haiti

Region

Latin America and the Caribbean

Projected Board Date

Nov 7, 2025

Environmental Category

B - Limited

Status

Active

Last Updated Date

Mar 16, 2025

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Dec 5, 2024
Signed : Dec 20, 2024
Invested : Mar 14, 2025

Sector

Solar - Renewable Energy Generation

Additional Project Attributes

Blended Finance

Project Description

  The proposed IFC investment entails a financing package for an aggregate amount of up US$12 million to Solengy Haiti S.A. (“Solengy” or the “Company”) for funding the deployment of additional solar energy systems (of up to 5 MWp and 11MWh) through the Company’s lease-to-own program to its customers. The financing package consists of: (i) a senior IFC A loan of up to US$3 million; (ii) senior parallel loans of up to US$3 million; and (iii) an additional US$6 million in subordinated loan.

Solengy is a distributed energy solution provider in Haiti, providing turnkey and custom energy systems between 1KWp to 1MWp to households, schools, hospitals, commercial and industrial customers.                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation