Ring fenced SPV with share pledges, all assets security, and controlled accounts. Sponsors provide construction support until completion tests are met.

Long term offtake, availability or capacity payments, take or pay, or contracted tenants. Counterparty quality is verified and documented.

Fixed price date certain EPC, performance LDs, credible O and M with KPIs, insurance program fit for risk, and independent expert coverage.

European Union. United Kingdom. United States. Gulf Cooperation Council. Clear security regimes and deep lender pools.

Canada, Australia, Central and Eastern Europe, and select countries in Sub Saharan Africa, South and Southeast Asia, and Latin America where contracts, rule of law, and currency convertibility support bankability.

All mandates are subject to KYC, AML, sanctions, local law, and capital control checks. Political risk cover may be required.

• Solar PV, onshore wind, offshore wind, hydro, battery storage, waste to energy
• Grid and interconnection upgrades, district energy, desalination and wastewater
• Biofuels and hydrogen where offtake is contracted

• Ports, airports, roads, and rail under PPP or concession models
• Fiber networks, data centers, and towers with contracted tenants
• Hospitals and education with availability payments or long leases

Target DSCR 1.20x to 1.45x by sector. LLCR and PLCR used for life cycle checks. Distributions only when tests are met.

Offtaker credit standing, EPC balance sheet and track record, O and M capacity, and insurer views. Evidence is collected and stored in the portal.

Pledges and fixed charges, blocked accounts, reserves, step in rights, and tested funds flow. Hedging policy is documented and assigned.

Kick off in the portal. Checklist issued. Timetable agreed. Data room opened. Advisers scoped.

Model with sensitivities, contract review for EPC, O and M, and offtake, permit matrix, insurance scope, preliminary terms architecture.

Targeted banks, ECAs, DFIs, and funds. Comparable indications for pricing, tenor, covenants, reserves, and conditions precedent.

Select structure, appoint agent, settle hedging approach, allocate commitments, document decision logs.

Lenders’ technical adviser, model audit, insurance review, environmental and social diligence, and legal diligence.

Facility agreements, security and guarantees, accounts and waterfall, intercreditor, funds flow, conditions precedent satisfied.

Execute documents, fund, book hedging, release initial draw against approved sources and uses, start reporting cadence.

Construction tests, cost to complete, completion tests, operating KPIs, distribution tests, and support on waivers where needed.

• Financial model with DSCR, LLCR, PLCR
• EPC, O and M, and offtake contracts with schedules
• Permit and land matrix, title reports
• Insurance slips and broker letters
• Environmental and social reports
• Hedging policy and draft ISDA if used

• Blocked accounts and waterfall
• Debt service reserve and maintenance reserves
• Reporting cadence and covenant checklist
• Funds flow and step in mechanics

Underwriting and drafting 2 to 6 weeks once the file is complete. Market sounding and indications 2 to 4 weeks. Documents and CPs follow adviser findings and jurisdiction.

Commitment and upfront fees, agency, legal, technical adviser, insurance, and model audit are paid at cost. Hedging costs depend on notional and tenor.

Retainer funds underwriting, materials, lender engagement, and control setup. Success fee is payable at funding as agreed in the mandate.

Comparable indications and clear CPs. Funds flow documented to account level.

Accounts control, reserves, hedging policy, and tested reporting reduce disputes and slippage.

Senior, covered, mezzanine, or preferred equity paths sized to the actual cash profile and country risk.