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🇬🇩Grenada·Renewable energy·Founded 2018·28 employees
IsleWind Renewables
Stage · ListedDFC eligible
Readiness Seal not yet earned. Target score ≥ 70.
Provara Scorev3.2
57/100
Approaching threshold
Domain profile
Score history
About the company
Small-scale wind and hybrid systems developer targeting utility offtake and mini-grid deployments on outer islands, with early revenue from two operating projects.
Monthly trade volume (USD)
rolling 12 months
Management
- Elroy BholaManaging Director
Capital ask
$8.5M
Concessional debt
Use of proceeds and pricing indications available under NDA in the data room.
Strengths
- Renewable energy operator with above-median financial performance & trajectory.
- Clear line of sight to concessional debt deployment within 6 months.
- Domestic revenue base underpins downside case.
Gaps & recommendations
- Governance & Formalization below Provara benchmarkAdd two independent directors, adopt board charter, and implement a FATF-aligned KYC/AML program.
- Revenue Quality & Concentration below Provara benchmarkDiversify customer concentration below 25% top-three threshold and formalize multi-year framework agreements.
- Strategic Alignment & Exit Pathway below Provara benchmarkSharpen use-of-proceeds and milestone clarity; identify comparable exit transactions for the mandate.