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