Products
- Construction loans with interest reserve
- Mini perm and long term debt
- Bridge to tax equity or grants
- Holdco facilities and portfolio warehousing
Solar PV Project Financing
We arrange construction and term debt, holdco facilities, and structured equity for utility scale and commercial solar PV. Bankable contracts, clear covenants, and a timetable to first draw.
We package solar PV projects so lenders can approve and fund. That includes model and sensitivities, EPC and O&M review, interconnection status, PPA or merchant plan, security and reserve design, insurance and performance protections, and lender mapping by ticket and tenor. Our mandate is a committed facility sized to risk with documentation that clears on schedule.
Scope of Service
Revenue & Offtake
- Corporate or utility PPA underwriting
- Merchant and hedge structures
- REC and I REC programs
- Curtailment and settlement analysis
Security & Reserves
- Share pledges and all asset security
- DSRA, MRA, and maintenance reserves
- Performance bonds, LDs, and warranties
- Insurance review and assignments
Execution
- Lender short list by market and tenor
- Term sheet negotiation to credit approval
- CP tracker, third party reports, and model audit
- Closing, funding flows, and monitoring
Indicative Mini Term Sheet
- Facility: Construction to term loan, or construction plus mini perm
- Size: From USD 10,000,000 per project or tranche
- Tenor: Construction up to 24 months; term 5 to 18 years
- Pricing: Benchmark plus margin; case specific for hedged merchant
- Leverage: Up to 70 to 80 percent of eligible costs subject to offtake and DSCR
- Coverage: Minimum DSCR typically 1.20x to 1.35x
- Security: All asset security, account control, and assignments of key contracts
- Reserves: DSRA, O&M, inverter and module spares, and P50 to P90 tests
- Fees: Lender fees per market; arranger work fee USD 50,000 to 100,000; success fee 1.5 percent to 3.0 percent at funding; third party costs at cost
- Conditions Precedent: Permits, interconnection milestone, EPC and O&M executed, insurance in force, model audit, and legal opinions
- Covenants: Distribution tests, information undertakings, technical ratios, hedging where required
Eligibility and Dossier
Minimums
- Project capex from USD 15,000,000
- Site control and permits in process
- Interconnection path and timetable
Core Dossier
- Sponsor KYC and ownership chart
- Financial model with P50 and P90 cases
- EPC, O&M, and equipment term sheets
- PPA or hedge draft, REC plan, and insurance schedule
Process
Scoping
Mandate and KYC. Project, counterparties, and timetable confirmed against lender appetite.
Underwriting
Model and sensitivities built. Contract and permit review. Security and reserves framework set.
Placement
Lenders approached by product and tenor. Term sheets negotiated to credit approval.
Closing & Funding
CPs cleared. Accounts funded. Draw mechanics and reporting cadence implemented.
Pricing Guidance
- Debt priced at benchmark plus margin based on tenor and risk
- Upfront and commitment fees per lender tariff
- Arranger work fee USD 50,000 to 100,000; success fee 1.5 percent to 3.0 percent at funding
- Independent engineer, insurance, and legal costs passed at cost
Final terms reflect PPA strength, resource risk, interconnection, capex profile, and sponsor covenant.
Request a Solar Financing Proposal
Share capacity, site status, interconnection, and offtake. We respond with lender options, draft terms, and a closing plan.
Include model inputs, EPC and O&M status, insurance approach, and expected COD. Indicate construction to term or term only.
Facilities are provided by licensed lenders and remain subject to diligence, credit approval, documentation, and KYC/AML.
Financely acts as arranger and placement agent. We are not a bank and do not take deposits. Nothing here is a commitment to lend or a guarantee of funding.
