Sustainable Energy
The Future of investing is in protecting
our future.
Deetken Impact Sustainable Energy is the result of a strategic partnership with the Sustainable Energy Central America team. With over 20 years of extensive experience managing investment portfolios in renewable energy, in-depth knowledge of the sector and valuable networks in the region, we are well positioned to help accelerate the transition to a green and sustainable energy future
in both Central America and the Caribbean.
Through our Sustainable Energy funds, we are making an impact in the communities where we work and helping advance the United Nations’ Sustainable Development Goals (SDGs) by investing in clean energy technologies, renewable energy, resilient energy infrastructure and energy efficiency projects in the region.
Why We Invest
Funds
Where We Work
How We Work
Project Eligibility
Spotlight Stories
Why invest in Renewable energy? why central america and the caribbean?
Key Drivers of our investment strategy in the region
Caribbean Basin countries experience high oil price volatility and high electricity prices of up to US$0.50/kWh
Clean energy represents just 6% of total energy generation in the Caribbean; energy efficiency can drive savings of $0.15 to $0.30+ per kWh
Countries across the region are re-framing policy to promote renewable energy and energy efficiency
We have deep networks and a strong pipeline of opportunities to contribute towards gender-balanced, sustainable growth
Two Funds. One Goal.
H-REFF (Honduras Renewable Energy Financing Facility) and CABEF (Caribbean Basin Sustainable Energy Fund) are two funds that co-invest as a single fund in renewable energy and energy efficiency projects and companies that deliver solid financial returns and positive environmental and social impacts that contribute to the Sustainable Development Goals (SDGs).
Funding from a committed collection of anchor investors, including a global environmental fund, forward-looking, innovative multilateral organizations, and a leading-edge Silicon Valley based foundation, enabled these funds to have a successful first close. Given our robust pipeline and strong connections with local entrepreneurs, we are on track to deploy the funds in a variety of projects in the region, and we now aim to increase the total funding to be invested in the next couple of years.
Our goal is simple: invest for climate action and generate strong returns.
Sustainable Impact in action
Take a look at how we’re driving climate action through direct investment in sustainable energy infrastructure and the additional positive impacts we’re generating.
Where we work & what we do
Biogas
Biomass
Energy Efficiency
Solar
Hybrid
Hydroelectric
Wind
Biomass
Hybrid
Energy Efficiency
Solar
Biogas
Wind
Hydroelectric
Some of our Projects
Our Impact so Far
Deetken Impact Sustainable Energy has been a signatory to the Operating Principles for Impact Management (OPIM) since 2020. The Impact Principles provide a framework for impact investors to ensure impact considerations are integrated into the entire investment lifecycle, and by requiring an independent verification, they help promote transparency in the industry. Our annual Disclosure Statement describes the alignment of our impact management practices to the OPIM.
wE MOVE sUSTAINABILITY FORWARD
Strategic partner
We have decades of experience and an ample network of contacts in the renewable energy and energy efficiency sectors. We go beyond funding for project construction and implementation; we also assist with financial structuring by bringing other co-investors, or advising the project sponsors on the negotiation of terms with senior lenders.
Corporate Governance
We aim to play a constructive role in the corporate governance of the companies we work with. That is why in addition to contributing financial resources, supervising the projects and measuring their social and environmental impact, we usually hold a seat on the company’s board.
Profitability
We pursue strong returns while we manage the risk profile of our investments, diversifying our portfolio according to type of energy, project, country and using a variety of investment instruments.
Community Impact
Our investments promote of community development activities such as job creation, technical education, micro and mini entrepreneurship, collaboration of community-based social-environmental initiatives, environmental protection, and reforestation. We have a positive impact on the communities we invest in.
Countries Impacted
Investments
%
Target Net Return
Committed Capital
Total Project Cost
project Eligibility for
Deetken Sustainable Energy investments
How Funding Works
1. Submit Your Project Proposal
First, there is an initial assessment of a project profile or executive summary to determine fit with investment guidelines and approval to advance towards due diligence.
2. Due Diligence
If due diligence process is approved and once completed, an investment proposal is prepared and submitted to the Fund’s Investment Committee for formal approval.
3. Approval and Closing
Once definitive approval is obtained, financial and legal closing takes place. Disbursement of Deetken Sustainable Energy Fund’s investment is usually done according to a previously approved disbursement schedule based on the project’s construction plan and budget.
Spotlight On Sustainable Impact
Panasolar
Panasolar is a new 12MWp grid-connected plant located in Coclé, Panama currently under construction. The project will operate as an Independent Power Producer selling electricity to several large commercial and industrial clients through private power purchase agreements.
Impact
This is the first phase of a total development of 30MW+ of clean solar power that will be built over the course of the next three years contributing to the diversification of the country’s generation matrix and bringing progress to the local community of Aguadulce.
In addition to generating 100 direct jobs, mostly for local villagers, the project is supporting important social projects such as infrastructure improvements of the local public school and a potable water tank for the Aguadulce community.
- $2,500,000 Investment
- $13,000,000 3rd party capital
- 100 Temporary jobs
- 6 Permanent jobs
- 20 GWh of clean energy/year
- 4,300 tons CO2 displaced per year
KW Financial
KW Financial is a provider of innovative energy solutions throughout the Caribbean region. The company develops, builds, and finances customized solar photovoltaic plants for its clients and provides affordable and reliable power through Energy-as-a-Service agreements.
Impact
The company’s solutions help its customers reduce their energy expenses and thus increase their competitiveness in the global market. KW Financial is currently completing the first two installations in the Dominican Republic which have a combined capacity of 3.2 MW. It aims to develop a further 12.5MW of solar PV capacity in the next two years which, once fully constructed, will avoid 18,000 tons of CO2 emissions per year.
- US$5,000,000 invested by CABEF and H-REFF, the two clean energy funds managed by Deetken Impact Sustainable Energy
- US$10,800,000 in third party financing
- 25.8GWh of clean energy produced per year
- Avoidance of 18,000 tons of CO2 emissions per year
- Over 30 direct jobs created and helps to maintain over 750 jobs through its clients
KW Financial
KW Financial is a provider of innovative energy solutions throughout the Caribbean region. The company develops, builds, and finances customized solar photovoltaic plants for its clients and provides affordable and reliable power through Energy-as-a-Service agreements.
Honduras Biomass Energy
Honduras Biomass Energy is an independent power producer based in Honduras that generates electricity from biomass waste products sourced from the local plywood and wood industry.
Impact
Their “Los Pinos 1” biomass plant has a capacity of 3.0 MW and generates 4.4 GWh/yr preventing the emission of over 9,000 tons of CO2 per year. The power plant supplies both electricity and industrial heating to the adjacent plywood factory which in turns supplies waste biomass creating a circular economy for the region.
- $1,900,000 investment by H-REFF and CABEF funds
- $6,272,000 in third party financing
- 4.4 GWh of clean electricity generated per year
- Over 108,000 tons of CO2 diverted during investment period
- HB Energy will generate over 30 direct jobs and over 90 indirect jobs in the region
- Supports the employment of over 93 women in the adjacent plywood factory
what our investors are saying
Javier Prats
President & CEO
Pedra Clau
“Sustainable energy projects that drive development and help mitigate the effects of climate change attract us because they tackle the main challenges of our generation. Deetken’s team leverage their thorough analysis, experience and local know how discovering opportunities with an appropriate risk profile. Knowing the projects that our investment supports gives us a clear understanding that positive returns generate development with long term environmental and social impact. “
Najada Kumbuli
Director of Investments
Calvert Impact Capital
“Our renewable energy sector strategy focuses on financing financial intermediaries that create a capital continuum for enterprises and projects at different stages of growth. We were excited to invest in Honduras Renewable Energy Financing Facility (H-REFF) because it addresses a major market gap in Central America – mezzanine financing for small scale projects. We have been impressed by the Deetken Impact team’s ability to build a robust pipeline of projects and their focus on amplifying the impacts (reduction of greenhouse gases, job creation, gender equality) associated with adopting clean technologies. More importantly, we believe that H-REFF will greatly contribute to the much-needed improvement of energy security in Central America.”
Together we can reverse climate change
Search and rescue operations in Abaco Island and Marsh Harbour Bahamas on Sept. 5, 2019
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