Revolving Letter of Credit Facilities for Solar Projects in the USA
Revolving Letter of Credit Facilities for Solar Projects in the USA
Solar developers face significant upfront costs—equipment procurement, EPC contracts and interconnection fees. A revolving letter of credit facility lets you secure collateral and performance guarantees without tying up equity or senior debt. Financely specializes in designing these facilities, underwriting your project for bankability and placing the credit lines with our network of on-shore and offshore banks.
Why Solar Projects Need a Revolving LC
- Flexible Liquidity: Draw and repay against equipment purchase contracts or performance bonds as milestones hit.
- Off-Balance-Sheet Support: Preserve your senior debt capacity and working-capital lines while meeting supplier and offtaker requirements.
- Improved EPC Terms: Backstop contractor obligations, unlocking better pricing and tighter delivery schedules.
- Regulatory Compliance: Satisfy interconnection and PPA security requirements with bank-issued guarantees.
How We Structure Your Facility
Our team begins by mapping your project’s cash-flow profile—equipment draws, commissioning tranches and O&M reserves. We then define a borrowing base, set advance rates against approved collateral (e.g., solar modules, inverters, PPA receivables) and craft LC terms that match your timeline and covenants.
Underwriting for Bankability
Underwriting is more than a credit memo. We conduct technical due diligence on EPC contracts, verify supplier creditworthiness, model your PPA cash flows under stress scenarios and assemble the legal documentation. Banks only underwrite fully vetted transactions; our process ensures your facility clears internal risk committees swiftly.
Distribution to Our Bank Network
Once the package is complete, we tap our panel of correspondent banks—regional U.S. lenders, export-credit agencies and specialist trade-finance banks. We negotiate pricing, collateral structures and confirmation arrangements to ensure you receive competitive terms and a streamlined issuance process.
Ready to secure a revolving LC facility for your solar project? Submit your deal and we’ll deliver a tailored structure and quote—typically within two business days.
Submit Your DealGet 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.
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 RequestProject 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 RequestAcquisitions
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 RequestFor 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 RequestOnce 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.
