Mini Grid Solar Project Financing

Mini Grid Solar Project Financing | Non Recourse Funding, I-RECs and Carbon Revenue

Mini Grid Solar Project Financing

Financely provides funding solutions for mini grid and distributed solar developers. We arrange debt, mezzanine, and bridge facilities based on verifiable project cash flows, with additional revenue from I-RECs and carbon credits where applicable. Our role is to make projects bankable, structure risk, and secure the right lenders to move from feasibility to COD. No em dashes are used in this document.

Snapshot: Non recourse and limited recourse project finance for distributed generation. I-RECs and carbon revenue added for yield support. Construction and term debt, mezzanine capital, and refinancing options available. Works alongside our non recourse project funding and carbon finance desks.

What Financely Delivers

  • Capital stack design: construction debt, term loans, mezzanine tranches, and equity bridge options.
  • Revenue packaging: PPAs, tariff structures, I-REC monetization, and carbon revenue integration.
  • Security structure: project charge, escrow controls, step-in rights, and covenant management.
  • Execution support: lender selection, documentation, closing coordination, and first draw management.

Integrating I-RECs And Carbon Revenue

Mini grid and C&I solar projects can unlock additional returns by registering for International Renewable Energy Certificates (I-RECs) and verified carbon credits. These certificates represent the environmental attributes of clean electricity generated and can be sold to corporates seeking renewable coverage. The result is a stronger DSCR profile and enhanced financial sustainability.

Financely’s carbon desk coordinates I-REC registration, issuance, and off-take contracts. For projects displacing diesel generation, carbon credit registration can add another layer of monetizable output. Revenue streams are structured within the project waterfall to support debt repayment or improve equity IRR.

Your Financing Journey

1. Request & Screening

You submit an RFQ with site data, tariff or PPA terms, EPC details, and generation forecasts. We review and provide a tailored term sheet outlining structure, costs, and conditions.

2. Diligence & Structuring

Our team runs technical, financial, and legal due diligence. Lenders are selected based on appetite, jurisdiction, and deal size. Financing structure and covenants are finalized.

3. I-RECs & Carbon Setup

Projects are registered for I-RECs issuance and, if eligible, for carbon credit programs. Revenues are modeled and integrated into the project’s financial structure.

4. Documentation & Drawdown

Once credit approval is achieved, finance documents are signed, conditions precedent are met, and the first drawdown is released under controlled disbursement rules.

The Financely Project Finance Team

Each engagement is managed by specialists who have closed energy and infrastructure deals in emerging and developed markets. Their combined experience covers debt structuring, certificate monetization, and project due diligence.

Maya Rahman — Project Finance Director

Maya has over 12 years of experience in energy project finance with a focus on distributed solar and storage. She has structured and closed facilities across East and West Africa, GCC, and Asia, ranging from 2 MWp to 80 MWp. Her approach balances strong credit structures with pragmatic timelines that move projects to COD.

Luis Carvalho — Carbon and Certificates Lead

Luis brings more than 10 years of experience in environmental markets. He leads the I-RECs and carbon structuring work, coordinating registration, verification, and offtake agreements. He ensures certificate monetization aligns with lender requirements and cash flow waterfalls.

Sanjay Patel — Technical and Diligence Lead

Sanjay is a former independent engineer with 9 years of experience in PV, storage, and rural grid systems. He oversees the technical data room, EPC contracts, and O&M plans to ensure projects meet bankable standards and achieve timely completion.

Data Room And Eligibility Checklist

Item Details
Project Data Site coordinates, irradiance data, P50/P90 yield, and demand profile
Commercial Contracts PPAs or tariff approvals, tenors, and escalation structure
EPC and O&M Technical scope, warranty, spare parts, and monitoring setup
Financial Model Assumptions, DSCR analysis, sensitivity matrix, and capex breakdown
I-RECs and Carbon Eligibility documentation, registry details, issuance schedule, and offtake interest

Frequently Asked Questions

Is financing available for both clusters and single sites?

Yes. We fund both single-site developments and multi-site portfolios. Clusters usually benefit from stronger credit metrics and faster closings.

Can these projects qualify for non recourse structures?

Yes, subject to revenue predictability, technical design, and credit profile. Limited recourse may apply during construction with step-down guarantees post-COD.

Are I-REC and carbon revenues counted in the DSCR?

Many lenders apply a haircut or treat it as reserve support. We model it conservatively to ensure bankability and compliance with credit standards.

Submit Your Mini Grid RFQ

Share your project details and financial model. We will review and provide a clear financing proposal with I-REC and carbon revenue options.

Submit RFQ

Financely structures and arranges project finance through regulated banking and investment partners. All facilities are subject to underwriting, KYC, AML, sanctions, and final credit approval. Carbon and I-REC revenues depend on registry eligibility and market demand. Financely does not act as a deposit-taking institution or hold client funds.

Get Started With Us

Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

Express Application Submit Your Deal
Request a Proposal
Request a Proposal / Submit a Deal

Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

Trade Finance

Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.

Submit a Request

Project Finance

Access non-recourse funding for infrastructure, renewable energy, or other capital-intensive ventures. We mitigate capital constraints by isolating project assets and focusing on risk management. Provide your details to receive a structure that drives growth and maximizes returns.

Submit a Request

Acquisitions

Secure financing for business or real estate acquisitions. We ease transaction hurdles by reviewing cash flow, synergy opportunities, and exit plans. Complete the form for a customized proposal that supports your strategic investment objectives.

Submit a Request

For Banks

Financely assists banks facing Basel III pressures by distributing trade finance deals and providing collateral for letters of credit. We reduce capital burdens while preserving client relationships and fostering service expansion. Submit your request to optimize your trade finance offerings.

Submit a Request

Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

Still Have Questions? Schedule a Consultation

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.