How Do I Raise Debt for a Solar Project?

Solar Project Finance

How Do I Raise Debt for a Solar Project?

Solar debt is not raised with a deck and a dream. It is raised with bankable contracts, a lender-grade model, and a submission that underwrites. Financely Term Sheet Desk packages your solar project to lender standards, introduces it to matched lenders, and runs tracked decisioning to written outcomes.

This is commercial only. Financely is not a lender. For the platform workflow, see How It Works.

What solar developers actually ask when they want debt

Bankability and readiness

  • Is my PPA or offtake financeable, and what term length matters?
  • Do lenders require NTP, or can I raise pre-NTP capital?
  • What is the interconnection requirement for underwriting?
  • What is a bankable EPC contract and what warranties are expected?

Model and debt sizing

  • How do lenders size debt on P50 vs P90 energy yield cases?
  • What DSCR and reserve mechanics show up in term sheets?
  • What reports do lenders expect from an IE and resource consultant?
  • How do curtailment and merchant tail affect appetite?

The lender view: what gets underwritten

Solar project debt is a risk allocation exercise. Lenders look for contractual revenue, construction certainty, operational reliability, and a model that survives downside cases. If one pillar is weak, the term sheet tightens or disappears.

What types of solar debt we help place

Project-level debt

  • Construction-to-term facilities
  • Mini-perm or term debt (amortizing or sculpted)
  • VAT and construction bridge (fact dependent)
  • Portfolio warehouse style facilities (fact dependent)

We focus on clean deal packaging and lender decisioning. The structure follows the contracts and the model.

Pre-COD and capital stack situations

  • Development stage capital when bankability gates are clear
  • Bridges to committed capital sources (fact dependent)
  • Holdco or back-leverage overlays when supportable (fact dependent)

If your project is not ready, we scope around getting it to a financeable submission standard.

The solar lender-ready package checklist

Lenders do not want ten folders of random files. They want a controlled data room that mirrors their credit committee workflow. This is the core pack we build and normalize for submissions.

What you get when you retain Financely

Pricing and minimum requested facility size

Term Sheet Desk is priced as a flat fee because the work is standardized and measurable. The minimum requested facility size is USD 2,500,000.

Simple 4-step procedure

90-day refund guarantee

Refund Guarantee: If, within 90 days of engagement start (date of the start milestone payment), you do not receive at least one written term sheet or a written decline from matched lenders after outreach launch, you may request a refund of all Financely fees paid on that mandate. This guarantee is conditioned on timely delivery of required documents, accurate disclosures, and reasonable cooperation with lender Q&A. Third-party costs, if any, are not refundable.

Deal Assessment Questions

Answer these cleanly before you expect real term sheets. If you cannot, the project is not yet financeable or the structure must change.

  • Is revenue contracted via PPA or equivalent, and what is the offtaker credit story?
  • What is the interconnection status, and what are the remaining milestones to COD?
  • Do you have site control and permits on a schedule that matches the financing timeline?
  • What is the EPC risk allocation, including schedule LDs and performance guarantees?
  • What is the O&M scope, availability target, and insurance program?
  • What do P50 and P90 cases show, and what sensitivity breaks DSCR first?
  • What is the capex basis, and what contingencies and reserves are built in?
  • What is the exact use of proceeds and the draw schedule during construction?
  • What security and cash controls are acceptable for the sponsor?
  • What is the repayment plan at stabilization and what is the refinancing or take-out story?

FAQ

Do I need an executed PPA to raise solar project debt?

Contracted revenue materially improves lender appetite. Some lenders may engage earlier if bankability gates are clear, but terms typically tighten until revenue and interconnection risk are resolved.

What is P50 vs P90 and why do lenders care?

These are probability-based production cases. Lenders size debt to downside resilience, not the most optimistic yield. Expect lenders to focus on DSCR under conservative cases.

Can you help with tax credit bridge loans?

We focus on debt packaging and lender introductions. If a tax credit bridge is relevant, we can position the request and coordinate with appropriately qualified specialists where required.

Do you provide the financing?

No. Financely is not a lender. We package the deal to lender standards, introduce it to matched lenders, and run a controlled decisioning workflow to written outcomes.

Important: Financely is not a bank and does not lend. We do not promise approvals or funding. Outcomes depend on credit, documentation quality, contracts, model assumptions, compliance, and lender approvals.

Submit your solar project

If you want solar project debt, submit a lender-ready file. Financely will screen fit, build the pack, route to matched lenders, and run decisioning to written outcomes.

Start with How It Works , review our solar context article Solar Project Debt Financing in Africa , or submit directly via Contact Us.

This page is for general information only and does not constitute legal, tax, investment, or regulatory advice. Financely is not a bank, not a broker-dealer, and not a direct lender. Financely acts as arranger and advisor and coordinates execution through regulated partners where required. Any engagement and any introduction process is subject to diligence, KYC, AML, sanctions screening, lender criteria, and definitive documentation. The refund guarantee terms above apply only as stated and are subject to the cooperation and disclosure conditions described.