Impact Inves,ng Opportuni,es in the Philippines: Renewable ...€¦ · Impact Inves,ng Opportuni,es...
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Impact Inves,ng Opportuni,es in the Philippines: Renewable Energy, Cooling, and Fishery Management Rare & The Meloy Fund: Rare is an interna*onal conserva*on NGO working to promote sustainable behaviors in rural communi*es with a par*cular focus on fisheries, freshwater, and agriculture. Established in 2016, The Meloy Fund is the impact inves,ng ini,a,ve of Rare, targe*ng interven*ons in small-scale fisheries in the Philippines and Indonesia. The Meloy Fund pursues a triple boCom line : social, environmental, and financial. Project Background: Rare approached MIT Sloan with the goal of exploring investments in business solu*ons and technologies that would reduce waste in the Filipino fisheries, with a par*cular focus on using clean energy such as PV solar. Rare was also interested in the standalone economics of clean energy projects. Methodology: Through primary interviews and academic, professional, and governmental research sources, we explored the Business Environment , Energy Environment and Regula,ons, and Fishery Value Chain to iden*fy poten*al leverage points and investment opportuni*es in Distributed Solar Businesses, Fishery-Level Cooling Interven,ons, and Grid Scale Solar Developments. Key Findings & Outputs: In addi*on to a broad landscape analysis, we developed an investment framework with criteria spanning financial return, impact, and risk with the flexibility to change weigh*ngs according to investor preference. We expect Rare to use this to compare and priori,ze among various investments. We also modeled the financial return of a one megawaR solar project (>26% IRR) and inves*gated key leverage points related to environmental impact: we found the energy required to produce ice was small compared to the energy used in other parts of the value chain. ScoR Keto, Lisa Khanna, Dora Aldama, Catherine Wright
Transcript of Impact Inves,ng Opportuni,es in the Philippines: Renewable ...€¦ · Impact Inves,ng Opportuni,es...
ImpactInves,ngOpportuni,esinthePhilippines:RenewableEnergy,Cooling,andFisheryManagement
Rare&TheMeloyFund:Rareisaninterna*onalconserva*onNGO
workingtopromotesustainablebehaviors
inruralcommuni*eswithapar*cularfocus
onfisheries,freshwater,andagriculture.
Establishedin2016,TheMeloyFundisthe
impactinves,ngini,a,veofRare,targe*nginterven*onsinsmall-scale
fisheriesinthePhilippinesandIndonesia.
TheMeloyFundpursuesatripleboComline:social,environmental,andfinancial.
ProjectBackground:RareapproachedMITSloanwiththegoalof
exploringinvestmentsinbusinesssolu*ons
andtechnologiesthatwouldreducewasteintheFilipinofisheries,withapar*cularfocus
onusingcleanenergysuchasPVsolar.Rare
wasalsointerestedinthestandalone
economicsofcleanenergyprojects.
Methodology:Throughprimaryinterviewsandacademic,
professional,andgovernmentalresearch
sources,weexploredtheBusinessEnvironment,EnergyEnvironmentandRegula,ons,andFisheryValueChaintoiden*fypoten*alleveragepointsand
investmentopportuni*esinDistributedSolarBusinesses,Fishery-LevelCoolingInterven,ons,andGridScaleSolarDevelopments.
KeyFindings&Outputs:Inaddi*ontoabroadlandscapeanalysis,wedevelopedaninvestmentframeworkwithcriteriaspanningfinancialreturn,impact,andriskwiththeflexibilitytochangeweigh*ngs
accordingtoinvestorpreference.WeexpectRaretousethistocompareandpriori,zeamongvariousinvestments.WealsomodeledthefinancialreturnofaonemegawaRsolar
project(>26%IRR)andinves*gatedkeyleveragepointsrelatedtoenvironmentalimpact:we
foundtheenergyrequiredtoproduceicewassmallcomparedtotheenergyusedinother
partsofthevaluechain.
ScoRKeto,LisaKhanna,DoraAldama,CatherineWright
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