30 MW utility-scale solar generation project for Freeport, Bahamas — backed by a 25-year Power Purchase Agreement with the Bahamian government. EPC complete, 300+ acre land lease negotiated, in final-stage approval with the Prime Minister's office. Scaling pathway to 100 MW across three phases.
Raising $50M
30 MW · Phase 1
$100M EBITDA over 25 yr
Sovereign-backed solar. 25 years of cash flow.
Arham Energy Group LLC is developing a 30 MW (scaling to 100 MW) solar generation project in Freeport, Bahamas — structured around a 25-year Power Purchase Agreement with the Bahamian government. The PPA functions as a sovereign guarantee, creating a project with $100M of contracted EBITDA over the 25-year operating period and a completed plant asset value of $150M+.
Sponsor: Arham Energy Group LLC
Principals: Amit Doshi · Sharad Doshi · Harry Patel
Arham Energy Group LLC is developing a 30 MW (scaling to 100 MW) utility-scale solar generation project in Freeport, Bahamas, structured around a 25-year Power Purchase Agreement (PPA) directly with the Bahamian government. The PPA functions as a sovereign guarantee: the Bahamian government contractually commits to purchasing the project's full energy output for 25 years at a defined rate, creating a contracted cash flow stream that is largely insulated from commercial market volatility.
The investment thesis rests on four structural tailwinds: (1) Bahamas power crisis — Freeport currently faces an acute power shortage, with projected shutdowns in 9–12 months without new generation capacity; (2) cost arbitrage — Arham's solar output undercuts incumbent oil-generated power by 50%+, making the PPA rate attractive for the government while delivering project-level returns; (3) sovereign offtaker — the 25-year PPA is signed by the Bahamian government, substantially de-risking revenue vs. merchant-market solar developers; (4) first-mover positioning — there are no direct utility-scale solar competitors currently in the Freeport market.
The $50M raise funds Phase 1 completion: government closing documents, professional commissioning team, EPC final installation, and initial operating expenses. Phase 2 (25 MW) and Phase 3 (50 MW) represent future raises bringing the project to a 100 MW platform — with a potential pathway to 300–400 MW driven by Bahamas' projected power demand growth.
02
Project Overview
30 MW Phase 1 · Three-Phase Pathway to 100 MW
Phase
Capacity
Status
Economic Contribution
Phase 1 (Current Raise)
25–30 MW
Final approval stage · $50M capital
~$10.25M annual revenue
Phase 2
25 MW
Future raise (post-Phase 1 stabilisation)
~$8.5M incremental annual revenue
Phase 3
50 MW
Future raise (contingent on demand)
~$17M incremental annual revenue
Total Platform
100 MW
5–7 year build-out
~$35M+ annual revenue run-rate
Project Execution Status
Land: 300+ acre lease negotiation completed. EPC work:complete. PPA negotiation: In final stage with the Prime Minister's office. Funding: Requires a $50M funding letter (which may be contingent upon the PPA being signed for 30 MW). The project is at the final-approval inflection point — capital close triggers government closing, commissioning, and 10–12 month vertical build.
03
Sponsors
Leadership · Arham Energy Group LLC
⚡
Amit Doshi
Principal & Founding Partner
30+ years as a business owner and operator across multiple industries. Currently operates two dozen hotels across six states. Brings hospitality-industry capital discipline and U.S. business network relationships to Arham's clean-energy project development. Primary government relations lead for Bahamian PPA negotiation.
☀️
Sharad N. Doshi
Principal & Founding Partner
Multi-decade business operator with direct partnership equity in Arham Energy Group. Deep financial-operations experience supporting the 30+ year track record of business ownership. Co-leads commercial structuring and day-to-day operations.
🌱
Harry Patel
Principal & Founding Partner
Third equal-partnership principal bringing complementary industry experience. Co-owner and co-operator of the portfolio businesses spanning more than two dozen hotels across six states. Supports technical execution and capital deployment oversight.
Combined Track Record
100+ combined years of business ownership experience. Three equal-partnership principals have collectively owned and operated 20+ businesses and currently run more than two dozen hotels across six U.S. states. This operator DNA translates directly to Arham Energy's project-level execution discipline: capital stewardship, vendor management, and multi-year operations management.
04
Market Context
Freeport Bahamas Power Crisis
Freeport, Bahamas is the second-largest city in the Bahamas and the country's primary industrial hub. The local power grid is currently served predominantly by oil-fired generators, which are:
Expensive — retail power cost ~$0.22–0.28/kWh vs Arham's solar-backed $0.10/kWh PPA rate
Environmentally damaging — high CO₂ and particulate emissions; inconsistent with Bahamian climate and tourism policy
Insufficient — Freeport faces projected power shutdowns in 9–12 months without new generation capacity added to the grid
The Bahamian government's demand outlook is particularly acute: current peak demand exceeds 100 MW, and population/industrial growth is projected to drive demand to 300–400 MW within 3–5 years. Arham's 30 MW Phase 1 represents an immediate solution for critical capacity, with Phase 2 and Phase 3 positioning Arham as the dominant solar IPP (Independent Power Producer) in the Bahamian grid.
Current Freeport Demand
100+ MW
Peak load
Projected 5-Year Demand
300–400 MW
Growth-driven
Power Shutdown Risk Horizon
9–12 months
Without new generation
Incumbent Power Cost
~$0.22–0.28/kWh
Oil-fired generation
05
Economics
25-Year Project Cash Flow
Line Item
Per kWh
% of Revenue
25-Year Cumulative
PPA Revenue
$0.10 (blended)
100%
~$257M
Generation Cost
($0.02)
(20%)
(~$51M)
Operating Cost
($0.01)
(10%)
(~$26M)
Debt Service
($0.025)
(25%)
(~$64M)
Total Costs
($0.055)
(55%)
(~$141M)
Project EBITDA (post-debt)
~$0.045
45%
~$100M
PPA rate is $0.10/kWh blended across 25 years; first 5 years range $0.135 → $0.10/kWh per negotiated escalation. Figures illustrative based on sponsor-provided model inputs.
06
Structure
Capital Stack & Use of Proceeds
Total Raise$50,000,000
Equity Component~$2,000,000 (or TBD)
Debt Component~$48,000,000
Target Loan Term12–15 years
Target PaybackFirst 7 years
Use of FundsGov't closing · commissioning · EPC final install · opex
Collateral$150M+ plant value · 25-year PPA sovereign guarantee
Corporate GuaranteeAvailable · Arham Energy Group LLC
07
Project
Freeport Solar · 30 MW Phase 1
Active · Final Approval
Freeport Solar 30 MW Phase 1
Freeport, Bahamas · 25-Year PPA
Capital Raise$50M · 10–12 Month Build
Utility-scale solar plant backed by 25-year PPA with Bahamian government. 300+ acre land secured, EPC complete, in final PM-level approval. $100M EBITDA over 25-year operating period; plant value $150M+ at commissioning. Phase 1 of a 100 MW platform.
This document summarises the Arham Energy Group LLC project funding brief (2026). It does not constitute an offer or solicitation of an offer to buy or sell securities. Forward-looking statements involve risks and uncertainties — particularly around PPA finalisation, government-approval timing, construction cost, and commissioning — and actual results may differ materially.
Arham Energy Group LLC · Amit Doshi · Sharad Doshi · Harry Patel · Amit.doshi@arhamholdings.com · 484-431-9769