Private Capital Advisory for Solar Projects in India
India solar closes when the project is financeable on paper and controllable in real life. Investors and lenders do not fund slide decks.
They fund contracted cash flows, documented land and permits, grid connectivity certainty, bankable counterparties, and an execution plan that survives committee scrutiny.
Financely provides private capital advisory for solar developers, IPPs, EPC-linked sponsors, and asset owners raising capital for utility-scale, C&I, and hybrid
solar projects across India. We structure the capital stack, build the lender and investor package, coordinate diligence, and run a controlled outreach process.
Where regulated activities are required, we coordinate execution through appropriately licensed counterparties.
Financely is an advisory firm. We do not lend, accept deposits, or provide investment advice. Any financing, underwriting, or securities issuance is executed by regulated counterparties under their own approvals, policies, and documentation.
Outcomes are subject to eligibility, diligence, KYC and AML, sanctions screening, credit approvals, and definitive agreements.
What We Help Fund
Development and Pre-Construction
- Development capital for land aggregation, permitting, studies, and interconnection workstreams
- Bid security, performance security, and working capital linked to tender execution
- SPV formation, governance, and investor-ready documentation set
Construction and Commissioning
- Senior construction debt and structured private credit
- Mezzanine and preferred equity for equity gap coverage
- LC and bank guarantee margin support where bank issuance is required for EPC and offtake obligations
Operating Asset Capital
- Refinancing and debt repricing for operational portfolios
- Portfolio-level working capital and reserve re-architecture
- Acquisition finance for operating assets, subject to diligence and enforceable controls
Hybrid and Storage-Linked Structures
- Capital structures for solar plus storage and hybrid offtake profiles
- Cash flow and reserve mechanics aligned to dispatch and payment regimes
- Risk allocation that committees can approve and agents can administer
Capital Stack Options We Structure
| Capital Layer |
Typical Role in Solar Financing |
| Sponsor Equity
|
First-loss capital and governance anchor. Required to unlock senior debt and credible syndication. |
| Preferred Equity / Mezzanine
|
Bridges equity gaps where sponsors want to preserve ownership while meeting debt sizing and DSCR constraints. |
| Senior Debt
|
Construction-to-term debt or term loans sized to contracted cash flows, covenants, and reserve package. |
| Holdco / Portfolio Debt
|
Non-recourse or limited-recourse leverage against diversified operating portfolios with control and reporting requirements. |
| Working Capital and LC Margin
|
Liquidity to support operational cycles and margin requirements for bank instruments and performance obligations. |
India-Specific Underwriting Focus
India solar is a mature market with a strict committee culture. The diligence is predictable, and it is unforgiving when the file is incomplete.
We address the underwriting priorities upfront to avoid late-stage surprises.
Offtaker Quality and Payment Controls
- PPA terms, tariff profile, curtailment and deemed generation provisions
- Counterparty payment behavior, security mechanisms, and collection path clarity
- Reserve design and cash waterfall aligned to payment regimes
Grid Connectivity and Timeline Risk
- Connectivity status, evacuation plan, and operational readiness milestones
- Timeline realism, contingency logic, and cost overrun allocation
- Documentation discipline that supports agent administration post-close
Procurement and Domestic Sourcing Requirements
- BOM, module and cell sourcing strategy, and contractual back-to-back protections
- Supply chain timing, warranties, and quality controls
- Compliance and documentary evidence required by funders and offtake frameworks
Documentation That Survives Committees
- Land and site control evidence and enforceable project contracts
- EPC risk allocation, LDs, performance ratios, and warranty enforcement
- O&M standards, reporting cadence, and covenant monitoring capability
Our Work Product
Investment and Credit Package
- Structured memorandum and diligence map
- Base case and downside case model view, including covenant sensitives
- Sources and uses, reserve schedule, and capital stack narrative
Term Architecture
- Indicative terms framework aligned to market norms for the stage and risk
- Security package design and enforcement logic
- Conditions precedent checklist and closing plan
Investor and Lender Coordination
- Targeted outreach to private credit, infrastructure funds, and strategic capital
- Indications normalization, issue log management, and diligence scheduling
- Coordination with counsel and regulated parties where required
Execution Support
- Negotiation support on covenants, reserves, reporting, and controls
- Account control and cash waterfall setup coordination
- Operational handover so the facility runs post-close
Pricing
| Fee Component |
Indicative Terms |
| Advisory Retainer
|
USD 59,500, billed at engagement start. Covers structuring, lender and investor packaging, and managed outreach. |
| Success Fee
|
Typically 1.0% to 2.5% of capital raised, scaled by complexity, structure, and timeline constraints. |
| Third-Party Costs
|
Legal, technical advisors, insurance, and any collateral or account control setup costs are paid by the client and scoped separately. |
FAQ
What size raises do you focus on?
We typically support raises from USD 5 million to USD 100 million. Smaller raises are possible where the file is clean, the counterparties are bankable, and the timeline is realistic.
Do you guarantee funding, terms, or approvals?
No. Capital raising is subject to investor and lender policy, diligence, compliance, credit committee approvals, and definitive documentation. Our role is to make the file financeable and run an organized placement process.
Can you help before a PPA is signed?
Yes, in limited cases. Development-stage capital is possible when the sponsor has credible land and permit progress, a defensible path to offtake, and an execution plan that can be diligenced.
How do you handle regulated steps in India?
Where securities or regulated intermediary steps are required, we coordinate with appropriately licensed parties to execute that portion of the transaction. Financely remains the structuring and coordination lead.
What do investors ask for first?
Evidence of control and governability: contracted revenues or a credible offtake path, land and permit status, connectivity and evacuation plan, EPC and procurement discipline, and a complete data room.
Request India Solar Capital Advisory
Submit your project brief with location, capacity, offtake status, connectivity status, EPC approach, capex and schedule, and the amount and form of capital required.
We will revert with a structuring pathway, required diligence items, and a placement workplan.
Request A Quote
Disclaimer: This page is for general information only. It does not constitute legal, tax, regulatory, investment, or credit advice and it is not an offer or commitment by Financely or any third party to provide any financing or to arrange any securities issuance.
Financely is not a bank, lender, insurer, surety, broker-dealer, or investment adviser. Any financing, underwriting, or securities issuance is provided or executed solely by regulated counterparties under their own licenses, approvals, policies, and documentation.
All transactions are subject to eligibility, diligence, KYC and AML review, sanctions screening, credit approval, and execution of definitive agreements.