Tulip
Tulip

A multinational renewable energy company develops utility-scale assets in emerging markets. Netherlands-based, it is looking for USD 25 m in equity to accelerate project development and to cover working capital.

A multinational renewable energy company develops utility-scale assets in emerging markets. Netherlands-based, it is looking for USD 25 m in equity to accelerate project development and to cover working capital.

Shay Begun

🔭 Vision, mission and strategy

The company’s vision is of a world where all people have access to clean energy

The company’s mission is for it to become a global independent green power production platform

The reputable leadership team built Sub-Saharan Africa’s first utility-scale solar PV field

The company is now expanding from solar PV into wind and hydro electricity generation

Strategic partners include NorFund, FMO, the World Bank, US Power Africa, InfraCo, REPP and others, giving the company a competitive advantage to operate in complex economies and political environments

As a platform, they intend to invest and hold a significant equity stake in each project to provide continuous, stable and predictable cash flows over the long term

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🎯 The impact opportunity

600 million people in Sub-Saharan Africa have no access to electricity (

IEA⁠

)

The company actively promotes local stability, economic and social development in emerging markets

The team targets countries where their projects can greatly reduce the use of fossil fuels

They have launched programs to provide health care to orphans, power for schools, clean water, and more

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🔮 The market opportunity

The global renewable energy market is expected to reach USD 1.5 tr by 2025, from $928 bn in 2017 (

AMR⁠

)

Through 2035, 90% of global energy demand growth will come from emerging market economies (

OECD⁠

)

Global investment in the power sector from 2011 to 2035 is estimated to average USD 675 bn per year (

OECD⁠

)

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🚀 What the future holds

The Series A institutional investment round will cover working capital and equity into projects at financial close for the utility-scale solar, wind and hydro projects over the next 3 years

The company is expecting to be operationally profitable in 2020

Potential exit scenarios include dividend distributions, whole or partial acquisition by an energy/infrastructure company, IPO, sale of project equity, refinancing, and other alternatives

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🔬 Transaction details

Vehicle

Equity opening

Total round

Minimum ticket

Equity

18%

$25,000,000

$2,000,000

There are no rows in this table

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📈 Revenue forecast 2020 - 2028, USD m:

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Spinel Advisory's mission is to support companies with concrete solutions for tomorrow's world. Our clients are startups, private SMEs, and NGOs who wish to have the fresh look of an external advisor for a project or regular support. From consulting in business strategy to financial operations (fundraising), we are committed to supporting their sustainable development, in the context of the trends in their industries. We plan for sustainable success that will have a positive impact on all aspects of the company's ecosystem. As such, we consider ourselves to be "impact advisors".