We provide lender-ready capital raise packaging and debt or equity placement support for business owners and buyers looking to secure serious term sheets and close funding on a defined timeline.
For business owners and acquirers pursuing private debt or equity, submit your deal for review. We revert within one working day with next steps and either a quote for our services.
For pre-submission discussions, we offer paid consultations. To initiate underwriting and lender outreach, submit the deal.
Financely · Solar Project Finance · Debt Placement · Capital Raising
Financely structures and places debt capital for solar projects at the utility scale and the commercial and industrial scale. Our mandate is to close the gap between a project that is technically and commercially viable and a project that is fully financed. We build the financial model, package the deal for lenders, and place the debt with commercial banks, development finance institutions, infrastructure funds, and green bond investors. We work on a mandate basis with project sponsors who need a structured, lender-ready debt package and a credible placement process.
Solar project finance is a specialist discipline. A project with good irradiation data, a signed EPC contract, and a creditworthy offtaker can still fail to attract debt if the financial model is not structured to lender standards, if the information memorandum does not anticipate the questions a credit committee will ask, or if the sponsor approaches lenders without a credible intermediary who understands project finance documentation. Financely fills that gap: we structure the deal, build the model, prepare the documentation, and run the lender process from first outreach to term sheet.
Construction phase model (capex drawdown, IDC, fees), operations phase model (revenue, OPEX, DSCR waterfall, DSRA), and equity returns (project IRR, equity IRR, NPV). Sensitivity tables on irradiation, energy yield, module degradation, OPEX escalation, and interest rate movement.
Lender-ready information memorandum covering the project (site, technology, permits, grid connection), the sponsor (corporate structure, track record, financials), the offtake arrangement (PPA terms, offtaker creditworthiness), and the proposed capital structure. Draft term sheet for the senior debt facility.
Financely approaches commercial banks, development finance institutions, infrastructure debt funds, and export credit agencies with a structured mandate. We manage the lender process: initial outreach, NDA coordination, data room access, Q&A management, term sheet negotiation, and selection of preferred lender.
Where the senior debt-to-equity ratio leaves an equity gap the sponsor cannot fill alone, Financely can introduce mezzanine lenders who sit between senior debt and sponsor equity. Mezzanine reduces the sponsor's equity requirement, improves project IRR, and allows the senior lender to maintain its first-lien position.
Solar projects are among the strongest candidates for green bond financing. Financely structures green bond frameworks aligned with ICMA Green Bond Principles, identifies the appropriate issuing route (corporate, project-level, or SPV issuance), and manages the verification and second-party opinion process required by institutional green bond investors.
DFIs (IFC, AfDB, ADB, AIIB, OPIC/DFC, FMO, CDC, Swedfund, DEG) are often the most competitive source of long-tenor, USD-denominated debt for solar projects in emerging markets. Financely manages the DFI engagement process: concept note preparation, project officer introduction, technical assistance grant identification, and credit committee process management.
Sponsor submits the project brief: project capacity, location, technology, current development status, available permits, offtake arrangement (PPA or merchant), EPC contractor, and equity available. Financely assesses bankability: is the project financeable in its current form? If not, what needs to change? Initial assessment returned within three business days.
Financely designs the optimal capital structure: senior debt quantum, tenor, amortisation profile, DSRA requirement, mezzanine layer if required, and equity returns. The integrated financial model is built to lender standards with full sensitivity analysis. The model becomes the anchor document for all lender discussions and remains the sponsor's primary financial reference through financial close.
The information memorandum is drafted to answer the questions a project finance credit committee will ask before the sponsor has been asked them. Technical section (site, irradiation, technology, EPC), commercial section (PPA, offtaker, tariff regime), legal and regulatory section (permits, land, environmental clearances), financial section (model summary, key metrics, sensitivities), and risk section (risk matrix, mitigants, insurance). A structured data room is prepared to support due diligence.
Financely approaches a prioritised list of lenders based on geographic appetite, sector expertise, ticket size, and current deployment capacity. We manage NDAs, distribute the information memorandum, coordinate site visits and management presentations, field lender Q&A, and consolidate term sheet responses. The sponsor receives a comparative analysis of all term sheets received with Financely's recommendation.
On preferred lender selection, Financely coordinates the full due diligence process: technical due diligence by the lender's independent engineer, legal due diligence on permits and contracts, insurance review, and financial model audit. We work alongside the sponsor's legal counsel and the lender's counsel to finalise loan documentation, security package, and conditions precedent. Financial close occurs when all conditions precedent are satisfied and first drawdown is made.
| Instrument | Typical lenders | Tenor | Best for |
|---|---|---|---|
| Senior project finance debt | Commercial banks, infrastructure debt funds, DFIs | 12–20 years | Utility-scale projects above USD 10M with signed PPA from investment-grade offtaker |
| Development finance institution debt | IFC, AfDB, ADB, AIIB, DFC, FMO, DEG, CDC | 15–25 years | Projects in emerging markets where commercial bank appetite is limited; concessional pricing and longer tenors |
| Green bonds | Institutional fixed-income investors, green bond funds | 7–15 years | Projects of sufficient scale (typically USD 50M+) with strong ESG credentials seeking capital market funding |
| Export credit agency financing | US EXIM, UK Export Finance, Euler Hermes, Atradius DSB | 10–18 years | Projects using equipment from an ECA-eligible jurisdiction; ECA cover can unlock commercial bank appetite in difficult markets |
| Mezzanine debt | Mezzanine funds, private credit, subordinated debt funds | 7–12 years | Equity gap filling; reduces sponsor equity requirement; sits between senior debt and equity in the waterfall |
| Mini-perm / bridge-to-bond | Commercial banks, speciality lenders | 3–7 years (refinancing assumed) | Construction and initial operations phase; refinanced into long-term capital market instrument or DFI debt on completion |
Lenders do not finance solar projects. They finance specific, documented, contractually supported cash flows from solar projects. The distinction matters. Before any lender will consider a mandate, the following must either be in place or credibly in progress. Financely helps sponsors identify and address gaps before approaching lenders.
A signed long-term PPA with a creditworthy offtaker (utility, corporate, government) is the single most important bankability factor for solar project finance. Merchant projects or projects with short-term PPAs will attract less debt and higher pricing. Feed-in tariff regimes and capacity market contracts can substitute where PPAs are unavailable, provided the regulatory framework is stable.
Lenders require a P50 and P90 energy yield assessment from a recognised independent engineer. The EPC contract must be on a fixed-price, date-certain, performance-guaranteed basis from a contractor with financial and technical capacity. A liquidated damages regime for delay and performance failure is standard. The module and inverter manufacturers must be on the lender's approved list or subject to a separate assessment.
Land ownership or a long-term lease with security of tenure, grid connection agreement, and all applicable environmental and construction permits must be in place or at an advanced stage. Lenders will not advance funds to projects with unresolved permitting risk. The SPV must hold all project assets and contracts, and be the sole borrowing entity.
The financial model must demonstrate a minimum DSCR of 1.25 across the loan tenor in the base case, with stress scenarios covering irradiation underperformance, OPEX escalation, and interest rate movement. The sponsor must demonstrate committed equity equal to 20 to 30% of total project cost. Most lenders also require a debt service reserve account (DSRA) funded to six months of debt service at financial close.
Financely can work with projects that do not yet meet all lender requirements. Our feasibility assessment identifies which gaps are deal-limiting and which can be resolved during the advisory process. A PPA negotiation, an EPC contractor selection, or a permit that is pending are not necessarily disqualifying. They are items on a closing checklist. We advise on how to sequence the development activities to maximise lender readiness at the point of mandate launch.
Established IPPs seeking to place debt on projects under development or ready for financial close. We work on single-project mandates and portfolio mandates covering multiple projects at different stages of development.
EPC contractors who need to demonstrate financing availability to prospective project owners. Financely provides indicative financing terms and structures to support EPC bids and negotiation of BOOT and DBFO arrangements.
Corporations developing captive solar to reduce energy costs and meet sustainability commitments. Project financing at the SPV level avoids corporate balance sheet impact and allows the project to be financed on its own merits.
Government agencies and state utilities developing solar capacity under national renewable energy programmes. We advise on capital structure, prepare lender documentation, and manage DFI and multilateral engagement for public-sector-sponsored projects.
Infrastructure and private equity funds acquiring operational or construction-stage solar assets that require senior debt or refinancing. Financely structures and places the debt component of acquisition financing alongside the fund's equity.
Solar project developers who have brought a project to an advanced stage (site secured, permits in progress, PPA under negotiation) and need to demonstrate financing availability to joint venture partners, land owners, or government counterparties.
Most senior lenders apply a 70:30 to 80:20 debt-to-equity ratio for utility-scale solar projects with a signed PPA from an investment-grade offtaker. Commercial and industrial projects without a long-term PPA typically attract a more conservative 60:40 to 65:35 ratio. The applicable ratio depends on the project's jurisdiction, the creditworthiness of the offtaker, the DSCR profile under base case and stress scenarios, and the lender's specific appetite at the time of the mandate.
Financely works with solar project debt mandates from USD 5 million. Below that threshold, the cost of project finance structuring and documentation typically exceeds its benefit, and alternative structures such as equipment finance or balance sheet lending may be more appropriate. Utility-scale projects above USD 20 million typically attract the broadest lender appetite and the most competitive pricing. DFI financing is generally available for projects above USD 10 to 15 million in eligible emerging markets.
Most commercial lenders and DFIs require a minimum average DSCR of 1.25 to 1.35 across the loan tenor in the base case. IFC and other multilateral development banks typically require a minimum of 1.20 in stress scenarios with a base case of 1.30 or above. Projects with merchant revenue risk or sub-investment-grade offtakers may require DSCRs of 1.40 or higher to compensate for revenue uncertainty. The financial model must demonstrate covenant compliance across a range of stress scenarios, not just the base case.
Yes. A significant portion of Financely's solar project finance work is in emerging and frontier markets in Sub-Saharan Africa, South and Southeast Asia, the Middle East, and Latin America. These markets present specific structuring challenges: currency risk, offtaker credit risk on state utilities, political risk, and limited commercial bank appetite. We address these through DFI debt (which carries concessional pricing and political risk mitigation), export credit agency cover, and currency hedging or local currency debt structures where available. DFI engagement in emerging markets is one of Financely's core capabilities.
Yes. Financely can structure and raise the full capital stack for a solar project: senior debt, mezzanine or subordinated debt, preferred equity, and common equity. In practice most mandates focus on the debt component, with sponsors providing or sourcing equity separately. Where an equity gap exists, Financely can introduce equity partners including infrastructure funds, development finance institutions, and impact investors alongside the debt placement. The equity introduction is coordinated so that both debt and equity providers are aligned on capital structure, governance, and return expectations before financial close.
Provide the project brief: capacity, location, development status, offtake arrangement, available permits, and equity committed. Financely will assess bankability and return an indicative capital structure and advisory scope within three business days.
Disclaimer: Financely Group acts as financial advisor and arranger on a best-efforts basis. Financely is not a lender, bank, or fund manager. All mandates are subject to feasibility assessment, KYC, AML, and sanctions screening. Lender and investor introductions are subject to their own independent credit and investment approval processes. Nothing on this page constitutes a commitment to finance or an offer to arrange financing. Services are strictly business-to-business.
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.
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 RequestAccess 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 RequestSecure 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 RequestFinancely 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.
Financely advises growth-focused businesses on accessing capital by introducing their opportunities to professional investors. Financely is not a securities broker or dealer. Where appropriate, engagements are coordinated with regulated broker-dealers, investment banks, legal counsel, and other specialists.
Financely does not solicit, offer, or accept orders to buy or sell securities and makes no assurance regarding capital-raising outcomes.
Services are strictly business-to-business. Financely does not provide personal finance, consumer credit, or retail advisory services.
Advisory services are reserved for post-revenue companies that recognize the time and resources required for professional underwriting.
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Email supportdesk@financely-group.com for general enquiries, press & partnership requests.
All mandates start with an RFQ. We review submissions, issue a brief Go/No-Go memo, and where bankable, release a Term Sheet that leads to funding. We arrange capital across Senior Secured, Unitranche, Second Lien/Mezzanine, Preferred Equity, and Gap Solutions. We do not process deals by email or chat.
Letters of Credit, Standby LCs, Confirmations, Receivables Finance, and Inventory Lines with control.
Funding arranged for trade flows with instruments sized to your cycle and aligned to delivery and settlement.
Move forward to secure working capital and keep goods moving. Submit the RFQ to start underwriting for funding.
Limited or non-recourse structures for energy and infrastructure with lender-ready materials.
Funding solutions aligned to project cash flows with credible covenants and conditions to reach notice to proceed.
Advance the file to termable status. Submit the RFQ so we can underwrite and secure funding.
Debt and Preferred solutions anchored on cash flow, Quality of Earnings, and clear closing mechanics.
Funding across senior, unitranche, and preferred to match stable cash flows and acquisition timelines.
Get financed on workable terms for closing. Submit the RFQ to start underwriting.
Acquisition, development, bridge, and refinance with lender-ready packs and third-party reports managed.
Funding calibrated to DSCR, leverage, and tenancy with terms designed to close.
Move to a financeable package. Submit the RFQ to initiate underwriting for funding.
KYC and Source of Funds required. Engagements are best-efforts and subject to underwriting. Preference for operating companies with meaningful revenue. See our FAQ and Procedure.
Financely Inc. (“Financely”) provides corporate-finance advice and is wholly owned by Aurora Bay Trust, a trust formed under Bahamian law, together with its authorized affiliates. Depending on deal structure, jurisdiction, and local rules, engagements may be carried out through Financely Group LLC, a non-deposit-taking, non-banking financial company; Ashford Capital Advisory LLC; or another related entity.
Financely and its affiliates are not registered as securities broker-dealers and do not execute securities transactions or hold client funds or securities. When a mandate involves the purchase or sale of securities and a registered intermediary is required, any orders are introduced to and executed by one or more independent U.S. broker-dealers registered with the SEC and FINRA. Those broker-dealers are solely responsible for trade execution, custody, and related regulatory obligations. Nothing in this material constitutes an offer, solicitation, or recommendation to buy or sell any security or to engage in any specific transaction. Before engaging Financely Group LLC, Ashford Capital Advisory LLC, or any affiliate, you are responsible for confirming that such engagement complies with your own legal, regulatory, tax, and other requirements. In the United States, certain advisory activities may be conducted in reliance on exemptions available under the Investment Advisers Act of 1940, including the “foreign private adviser” exemption where applicable. Our services and regulatory status may vary by jurisdiction and by transaction type.
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