Carbon revenues can make distributed renewable energy viable. But uncertain carbon prices and offtake keep many financiers away. Under the World Bank's ASCENT regional energy access programme, co-financed by the Green Climate Fund, we are supporting the design of a $50M facility that backstops carbon credit offtake with a floor-price guarantee. We built the facility's financial model, including capital structure, stress tests and pipeline scenarios. We benchmarked existing carbon risk insurance products and screened candidate implementing entities. We drafted the guarantee, offtake and grant term sheets, and developed the theory of change and results framework. We also supported the Nordic Development Fund's due diligence as co-financier, and the negotiations with African Trade & Investment Development Insurance (ATIDI) on managing the facility.

​

​

Clean Air Asia is the region's leading clean air network, set up with support from the Asian Development Bank, the World Bank and USAID. It is now launching a regional hub for Thailand, Lao PDR and Cambodia, funded by the UNEP-hosted Climate and Clean Air Coalition. The challenge: keeping the hub running once its start-up grant ends. We built a multi-year cost model under three scenarios. We tested which services could generate revenue. We mapped climate funds, development banks, bilateral donors and philanthropies against the hub's needs. And we benchmarked hosting options against comparable regional bodies.

​

​

An impact investor was considering a debt transaction with a mini-grid developer and operator in Madagascar. As a first stage, we designed the investment policy and criteria for mini-grid models. Based on that framework, we supported the investment team with the business and financial due diligence of the opportunity, including conducting meetings with the management team, the review of the financial model and the assumptions analysis. The first mini-grid  deal was subsequently approved by the Investment Committee.

​

​

The electrification rate is still very low in  most SSA countries. Ambitious rural electrification targets associated with substantial funding efforts are needed.  As part of a consortium, and thanks to funding from the World Bank, we helped draft the rural electrification roadmap for Mozambique addressing the supply and affordability gaps toward full energy access in the country. We also led the design of a blended finance facility to be managed by FUNAE (Mozambique's Energy Fund), to attract more private sector players into the local off-grid energy market. The $20m Facility was launched in 2023.

​

An agribusiness operating in various emerging markets is considering innovative financing solutions to scale-up without weighing on its balance sheet. We led the design of a $10m off-balance sheet financing facility for the company, including: legal structures to be followed, a comprehensive financial model with several portfolio quality and funding rates assumptions, term sheet and associated data room.

An EU climate tech company active in Africa was planning to raise money after a couple of years of successful revenue generation. We have designed  and developed the Excel model that offers ease of use and analysis by investors, while allowing the management to properly plan liquidity on a very granular basis. Such work was similarly done with several clients (including leading asset managers in the space) to help them test their assumptions, effectively present their projections and help close $3M equity.