Over the past 11 years, both Hari Achuthan and Don Pollard have synergistically collaborated to transform Convalt Energy into a solar module manufacturer, with a vertical integration plan already in progress. This plan includes the manufacturing of polysilicon, ingots, wafers, cells, and modules. Once operational, this vertically integrated factory will be among a select few in the United States producing at such a large scale. In addition, Convalt Energy continues to develop renewable projects in the U.S
Thanks to an extensive network for sourcing or creating transactions and a commendable track record in fund management, we're on a mission to reinvigorate American manufacturing and return critical technology production to U.S. soil. Our Fund also proudly supports employment in low-income regions or areas that have suffered job loss, fostering opportunities for the disadvantaged and our cherished veterans.
IAC is set to launch two investment funds:
The “Infra America Capital, Fund 1,” or simply “the Fund,” will be oriented towards Solar and Conservation Tax Equity. Our company's primary focus is on Solar power projects, which are secured by long-term off-take contracts with creditworthy counterparts. We intend to utilize tax equity investments to promote the development of additional solar and conservation projects within the U.S.
Our inaugural energy transition fund, known as “Infra America Capital Fund 1,” is primarily oriented towards hybrid debt and equity investments with a target capital raise of $500 million. This hybrid fund will concentrate on debt and equity investments in the sustainable infrastructure sector of energy. This includes manufacturing, power generation, power transmission, storage, and technology solutions that support sustainable infrastructure.