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?

The Central American and Caribbean countries include some of the most vulnerable communities to the effects of climate change. Many of them don’t have reliable electricity or aren’t even connected to the grid so they have to rely on expensive and dirty sources of energy for their basic needs.  At the same time this region’s natural resources and weather offer tremendous potential for renewable energy generation at a reasonable cost.
 
It’s our goal to invest in building the region’s sustainable energy infrastructure so that these communities can have reliable and clean energy at all times and consequently strengthen their economy and their climate resiliency.

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.

Where we workwhat we do

Biogas

Biomass

Energy Efficiency

Solar

Hybrid

Hydroelectric

Wind

Biomass

Hybrid

Energy Efficiency

Solar

Biogas

Wind

Hydroelectric

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

Number of Projects

Committed Capital

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.

Are you looking for financing for a project that fits our investment guidelines? We’d love to hear from you.

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

     

    Are you interested in investing in sustainable energy?

    Contact us for more information

    Join Us On:

    Suite 501 – 1755 W. Broadway, Vancouver, British Columbia
    Canada V6J 4S5

     

    175 m Northwest from National Stadium, Rohrmoser Blvd.,
    San Jose, Costa Rica

     

    impact@deetken.com

    +1 (604) 731-4424

    +506 2291-2244

    It is EASY to get started making an impact!

    Simply send us your contact information and one of our investment specialists will contact you to personally walk you through the investment process. 

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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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