SoLR& Renewable Energy Fund (SoLR&)

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The SoLR& Renewable Energy Fund is a special purpose vehicle which aims to provide local growth-stage companies (Commercial and Industries) with an opportunity to switch to renewable and efficient energies.

Fund Target

To invest in up to 25 growth-stage businesses operating out of Lebanon with sustainable business models and looking to invest in efficient and renewable energies.

Benefits

SoLR& offers a lease scheme which allows you the below:

  • Benefit from cash flow positive solar PV.
  • Boost business’ bottom line and achieve immediate savings, by significantly reducing electricity costs quickly, easily and with no upfront cost.
  • Allow companies to increase the hours of production.
  • Replace already scarce and expensive diesel fuel.
  • Reduce their overhead expenses.
  • Reduce the negative environmental impact and pollution.
  • Avoid the purchase by SMEs of fuel from ad-hoc and often unwanted sources.
  • Help sustain entities’ operations and hence maintain and create jobs.

Sectors

Commercial & Industries (C&I) – Sector agnostic

Fund Selection Criteria

  • Growth-stage companies (Commercial & Industries)
  • Turnover > $500K
  • Energy Savings > 30% of current power consumption
  • Profitable Business
  • Employees > 20
  • Availability of Energy Audit and/or Assessment
  • Project payback period < 5 years

Investment Tickets: Between $250K - $2M
Term of Investments: Up to 5 years
Proposed Financial Instrument: Financing Lease

You can apply via the link below:

http://bitly.ws/BBij

For more info, email us at:

[email protected]

For Solar Providers, you can download the Qualifications criteria below.

download icon Download pdf

You can find all info related to the fund in the Fact Sheet below.

download icon Download Fact Sheet