DFI / Investor Observer · Module 9
Read-only investor view
Consolidated verified track-record, covenant compliance, and standards alignment for development-finance due diligence. No edit or trigger controls are surfaced.
READ-ONLY
Equity IRR
20.7%
vs 16% hurdle · PASS
Minimum DSCR
1.74x
vs 1.30 covenant · PASS
Verified savings this month
8.0%
IPMVP significance PASS
Portfolio breakeven
7.4
sites @ 8%
4 sites @ 12%
Investment thesis
Why Cleteco Somerset stacks up
- · Servitisation-aligned: Provider carries capex + electricity — the BASE/SET CaaS incentive structure aligns provider profit with equipment efficiency.
- · Verifiable dMRV: Baseline frozen under ASHRAE 211 Level 3, engine passes both G14 Table 5-2 and IPMVP 2·SE tests.
- · Anchor client: Ascott / CapitaLand — investment-grade counterparty subject to SEBI BRSR disclosure.
- · Scaling path: Portfolio breakeven at ~7.4 sites @ 8% / ~4 sites @ 12%; India cooling TAM per IFC Cooler Finance (2024).
- · Carbon monetisation: 1,240 tCO₂e/yr eligible under India CCTS — 1 CCC = 1 tCO₂e.
Verification integrity
Standards compliance
| Baseline audit level | ASHRAE 211 · Level 3 | ✓ PASS |
| Method (retrofit isolation) | IPMVP Option B | ✓ PASS |
| Method (calibrated sim cross-check) | IPMVP Option D | ✓ PASS |
| Fit thresholds | G14 hourly | ✓ PASS |
| Significance test | Savings > 2·SE | ✓ PASS |
| Maintenance regime | ASHRAE 180 | ✓ PASS |
Alignment tags
Investor & ESG frameworks
IFC Cooler FinanceIFC EDGEGRESBBRSR (SEBI)India CCTSBASE / SET CaaS
DFI checklist: covenant coverage confirmed, verified-savings history matches disclosed baseline, dMRV chain (hash-linked audit) intact, and portfolio scaling narrative aligns with IFC Cooler Finance investment thesis.