NASSAU, BAHAMAS — Colina Financial Advisors Ltd. (CFAL) has closed the first offering of its Private Equity Fund, securing strong support from Bahamian investors to finance two major renewable energy projects designed to improve power reliability and sustainability in key areas.
The retail offering for Class A shares in EA Energy and Class B shares in Island Power Producers was open from July 21 to July 29, with shares priced at $10 each and a minimum subscription of $1,000. CFAL received approximately 5,000 subscriptions during the offering period. All applications will be accepted, and investors can expect confirmation emails within 30 days following CFAL’s review process. Should any issue arise, applicants will be contacted directly.
EA Energy is developing renewable energy and liquefied natural gas (LNG) facilities on the islands of Abaco and Eleuthera, in partnership with Bahamas Power and Light (BPL). The company is building two separate hybrid power plants—one on each island—that will utilize solar panels, battery storage, and LNG-fueled engines. These projects aim to enhance the reliability and sustainability of electricity supply on the Family Islands, addressing long-standing power challenges.
The plants combine LNG and solar energy technology to meet growing energy demand while advancing The Bahamas’ National Energy Policy goals.
Island Power Producers Limited has been selected to develop an LNG-powered shore-side plant supplying electricity to cruise ships docked at the Nassau Cruise Port. The project, awarded via a government Request for Proposals (RFP), will provide cleaner shore power to vessels while berthed, reducing emissions and lowering reliance on ship-generated power.
Angelo Butler, Manager of Corporate Advisory Services, said: “CFAL is proud to offer new investing opportunities that drive national progress. The success of this offering reflects the strong confidence Bahamian investors have in our ability to identify and support transformative and innovative projects.”
Prime Minister and Minister of Finance Philip Davis said, “CFAL’s renewable energy fund offering has expanded the investment opportunity for thousands of Bahamians. The overwhelming response to the offering is a strong vote of confidence in our government’s Energy Reform Program.”
He continued: “Bahamians see the value of investing in a future that promises affordable, cleaner, and more reliable power for our islands.”
Minister of Energy and Transport JoBeth Coleby-Davis added, “These projects align seamlessly with our National Energy Policy, which calls for the advancement of utility scale cleaner energy for The Bahamas. They represent a bold step toward a more sustainable, affordable, and resilient energy future for our nation.”
This offering marks the first round under CFAL’s Private Equity Fund, which was created to finance innovative and sustainable projects offering economic returns alongside national impact. The fund intends to continue targeting growth through strategic partnerships in infrastructure, clean energy, and public-private initiatives throughout The Bahamas.
