Date:  2013   |   Country:  Global   |   Sector:  Clean Energy   |   Amount in USD: Not Disclosed  |   Client: d.light Design

We assisted d.light, the global market leader in domestic off grid solar lighting for the BOP, to assess it capital needs and structure.  This advisory led to a significant capital raise from existing equity partners, together with the provision of a guarantee for d.light borrowings by one of the equity partners.  Read the press release.

As part of the advisory we also devised an innovative structured working capital facility option which was not directly pursued by the company but which has partly fed through conceptually to an aggregated vehicle for the BOP clean energy sector due to be launched in late 2014.

Read d.light’s recently (6/2014) published manifesto for universal energy access for the billions of people currently without reliable power: Power for All

An account of the mandate with d.light will shortly be published as a case study by the World Bank Development Marketplace.