Sustainable Energy

The Future of investing is in protecting
our future.

Deetken Impact Sustainable Energy is the result of a strategic partnership with Deetken Impact and the Sustainable Energy Central America team. With over 20 years of extensive experience investing in renewable energy, we have developed in-depth knowledge of the sector and valuable networks in the region. 

Our Sustainable Energy funds are accelerating the transition to a green and sustainable energy future while strengthening climate resilience, economic growth, and inclusion in communities across Latin America and the Caribbean.

Why We Invest

Funds

Where We Work

Our Impact

Spotlight Stories

Solar Renewable Energy Project

Investing in Sustainability

Latin America and the Caribbean is a region rich in natural resources and biological diversity. Despite contributing less than 10% of global greenhouse gas emissions, the region’s vulnerability to the effects of climate change requires urgent action. Despite tremendous potential for renewable energy generation at a reasonable cost, the energy markets continue to rely on imported fossil fuels, experience high price volatility, and leave many communities with underserved energy needs. 

We envision a future in which sustainable and climate-resilient communities throughout Latin America and the Caribbean have access to reliable, clean energy. As such, we invest in the region’s sustainable energy infrastructure through the strategic provision of capital and technical assistance to small and medium sized enterprises with unmet financing needs.

Key Drivers of our investment strategy in the region

 

  • Offer flexible mezzanine instruments tailored to the needs of small and medium sized renewable energy, energy efficiency and energy storage projects

  • Partner with experienced and emerging developers to improve access to clean and reliable energy sources, advance gender equality and build climate resilience in the region

  • Support the transition to sustainable energy infrastructure in Latin America and the Caribbean to position the region as a global leader

  • Promote the replicability and the ability to scale of the companies we support

 

Three Funds. One Goal.

 

H-REFF (Honduras Renewable Energy Financing Facility) & CABEF (Caribbean Basin Sustainable Energy Fund) are two funds that co-invest as a single fund in renewable energy + energy efficiency projects and companies that deliver solid financial returns and positive environmental and social impacts that contribute to the Sustainable Development Goals (SDGs).

Deetken Impact Sustainable Energy Fund III will scale our impact investment strategy and accelerate Latin America and the Caribbean to global leadership in sustainable energy infrastructure. This regional, blended finance fund builds on our multi-decade track record pioneering sustainable energy transactions while advancing gender equality in the sector and communities of influence.

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.

The IA50 recognizes a diverse group of impact investment fund managers who demonstrate a commitment to generating positive social, environmental and financial impact.

Where we workwhat we do

Biogas

Biomass

Energy Efficiency

Solar

Hybrid

Hydroelectric

Wind

Biomass

Hybrid

Energy Efficiency

Solar

Biogas

Wind

Hydroelectric

Some of our renewable energy projects

Our Impact 

Impact is core to DISE’s investing approach. Our rigorous impact management process ensures that impact – including social, environmental, and gender aspects – is considered at every step of the investment process, in alignment the following United Nations’ Sustainable Development Goals:

50% of the companies have women on their Board of Directors, and 26% of employees identify as women

365 cumulative GHW clean energy generated

224 jobs created, 40% of those in local communities

280,000 cumulative tons of C02 displaced

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 partnerships

We have decades of experience and a deep network in the sector. 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. We also aim to play a constructive role in the corporate governance of the companies we work with.

Gender smart

We invest at the nexus of gender equality and climate change as a vehicle for transforming the sector, society, and the planet. As a leader in gender lens investing, we are uniquely positioned to address gender disparities in the clean energy sector and empower women across the region, while strengthening climate resilience.

Strong Returns

We pursue strong financial 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 community development through initiatives that contribute to job creation, technical education, entrepreneurship, and environmental preservation. We closely manage and eliminate social and environmental risks to ensure every investment has a positive impact in the surrounding communities.

Countries Impacted

Investments

Committed Capital

Spotlight On Sustainable Impact

Pansolar

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

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

Pansolar

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

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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Magali Lamyin, Director of Communications and Development for Deetken Impact

MAGALI LAMYIN

Director of Communications and Development

 

Magali brings extensive market intelligence, business development and marketing experience from her work at the Central Bank of Mexico, the Canadian Institute for Market Intelligence, and the IESE-PWC e-Business Centre in Barcelona. She also co-led national marketing campaigns for businesses in the hospitality and early childhood education sectors for almost a decade before joining Deetken. In her current role, she is responsible for leading Deetken Impact’s communications, marketing and branding strategy. She is also involved in the due diligence process for project selection with an emphasis in Mexico.

Magali holds a BA in Economics from Mexico's ITAM and a Master's degree in Economics from the University of British Columbia.

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Jose Lamyin, Managing Partner Deetken Impact

JOSE LAMYIN

Managing Partner

 

José has extensive experience as a business advisor for clients throughout Canada, Europe and Latin America in mining, telecommunications, and finance. Prior to co-founding The Deetken Group, José worked for Teck Cominco in Peru and Canada and Deutsche Bank in London (UK). José has spearheaded much of the strategic growth of Deetken Asset Management since inception and is currently focused on investment selection.

José received his BS in Engineering from the University of British Columbia and MBA from IESE School of Business (Barcelona). Born in Peru, José is fluent in English and Spanish.

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Alexa Blain, Managing Partner Deetken Impact

ALEXA BLAIN

Managing Partner

 

Alexa is responsible for finance, operations and investor relations at Deetken Impact. She brings over 10 years of experience in financial consulting and asset management, with specific expertise in company and investment analysis, business valuation and securities/corporate finance. Prior to joining Deetken, she spent three years with African Alliance, a pan-African financial services group, where she focused on expanding the firm’s retail financial services operations as well as on the origination and negotiation of new capital. In addition, Alexa has six years of asset management experience with the Canada Pension Plan Investment Board, the Macquarie Group and the Ontario Teachers’ Pension Plan.

Alexa is a CFA Charterholder. She has also completed an MA in Financial Economics and an Honours BA in Economics, both at the University of Toronto.

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Fernando Alvarado, Head of Deetken Impact Sustainable Energy

FERNANDO ALVARADO

CEO

Honduras Renewable Energy Managers (HREM) and Caribbean Renewable Energy Managers (CAREM)

 

Fernando Alvarado leads the General Partner and Investment Advisor of two clean energy and energy efficiency project finance and venture capital funds: Honduras Renewable Energy Financing Facility (H-REFF) and Caribbean Basin Sustainable Energy Fund (CABEF), which he structured and runs with a combined target capitalization of $100m.

Development Investment Banker with 28 years of international credit and investment experience and 18 years of direct experience assessing diversified renewable energy portfolios in Latin America & the Caribbean. He has participated in more than 50 syndicated credit and investment transactions for renewable energy projects in excess of $250 MM. He led the creation, structuring, fundraising, legal closing and portfolio construction of several specialized renewable energy funds.

Costa Rican, based in San Jose, Mr. Alvarado has an MBA in Banking and Finance cum laude from Universidad de Costa Rica.

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Carl Black, Portfolio Manager Deetken Impact

CARL BLACK

Portfolio Manager

 

Carl is a Portfolio Manager with Deetken Impact focused on analyzing and working with MSMEs, social enterprises, and renewable energy developers in Latin America and the Caribbean. His main responsibilities include supporting business development, managing technical assistance projects, leading investment due diligence, and monitoring portfolio performance. Prior to joining Deetken Impact, Carl worked for five years as a consultant, advising public sector clients an non profits in Canada and financial services companies in Latin America. He started his career at the Bank of Canada, where he researched issues related to household and business credit. 

Carl completed an Honours BA in Economics at the University of British Columbia. He also holds an MSc in Economics & Development from the University of Oxford, where he earned distinctions in quantitative and development economics.

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Cristobal Aguirre, Investment Analyst at Deetken Impact

CRISTOBAL AGUIRRE

Investment Analyst

 

Cristobal has over 6 years of experience in the asset management industry, where his responsibilities have ranged from asset allocation and portfolio management to risk analysis and software development. Before relocating to Canada, Cristobal worked as a senior investment analyst in AFP Habitat—Chile’s largest pension fund—where he led the tactical asset allocation and macroeconomic research for emerging markets.

Cristobal is a CFA Charterholder, and completed a BA in Economics at Universidad de Chile.

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Chad Parsons, Senior Investment Analyst at Deetken Impact

CHAD PARSONS

SeniorInvestmentAnalyst

 

Chad has worked as a consultant in business and technology for 20 years – often helping clients with their business transformation initiatives.    He has worked with start-ups, government, and established businesses to further their product and service offerings with a balanced approach.   After pursuing a research degree on leveraging technology for social and economic development; Chad has found a valuable alignment of his background with Deetken’s innovative impact investments. 

Chad completed a BS in Engineering from the University of British Columbia and has a MSc with distinction from the University of Manchester (UK).

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