Solar Project Finance

Solar Project Finance for Developers in Africa, India and Latin America: Submit Your Deal and Get Term Sheets

Developers in Nigeria, Kenya, South Africa, Egypt, Morocco, India, Brazil, Mexico, Chile, Colombia, and Peru are building real pipelines. The capital exists too. The bottleneck is getting from “good project” to “bankable file” that produces written term sheets.

Financely runs a controlled capital raise process: we package your project into a lender-ready memo, build a clean data room, and manage a term sheet process through vetted counterparties. If your goal is funding in 2026, the fastest path is discipline and documentation, not endless calls.

Financely builds lender-ready project files and runs a managed term sheet process through vetted counterparties. See How It Works and submit your deal via Deal Submission.

What capital providers underwrite in emerging market solar

Whether you are raising senior debt, mezzanine, or equity, the questions stay consistent. Who pays. Under what contract. In which currency. With what security. And what happens if anything slips: permits, grid, EPC, offtaker, FX, or collections.

What gets term sheets

  • Clear offtake or revenue strategy with credible downside case.
  • Land, permits, and interconnection path that can be verified.
  • EPC and O&M terms that allocate risk cleanly and realistically.
  • Model assumptions tied to contracts and third-party studies.

What kills momentum

  • Loose PPAs, unclear termination, or weak payment security.
  • Grid uncertainty and curtailment risk that is ignored in the model.
  • Capex quotes and timeline that do not survive diligence questions.
  • Reporting readiness that is promised but not operational.

How Financely helps solar developers raise funding

The platform workflow is built to reduce noise and force written outcomes. We do not blast your project. We match structure and risk to the right counterparty set, then manage Q&A and term sheet iterations.

Regional notes that matter for underwriting

Africa

In Africa, funding often comes down to offtaker credit, currency and transfer risk planning, and construction execution certainty. Nigeria, Kenya, South Africa, Egypt, Morocco, Ghana, and Côte d’Ivoire can work when the risk allocation is tight and documented.

What closes in practice

  • Payment security that is enforceable, not expected.
  • Permits, land rights, and interconnection evidence that can be verified.
  • EPC performance security and realistic delay remedies.

What you must be ready to answer

  • Debt service currency protection if revenues are local.
  • Curtailment allocation and revenue downside case.
  • Step-in logic if the EPC contractor fails.

India

India can deploy scale, but the bar is high on standardization. Clean contracting. Clean reporting. Clean model logic. If your file looks improvised, it gets priced like it is.

Key drivers

  • Contract enforceability and payment discipline mechanics.
  • Grid timelines and curtailment risk reflected in structure and model.
  • Portfolio approach where possible to reduce single-asset risk.

Common failure points

  • Over-aggressive generation assumptions or merchant exposure with no downside plan.
  • Capex and timeline that cannot be defended in diligence.
  • Covenant and reporting that is not operational.

Latin America

Latin America is not one playbook, but Brazil, Mexico, Chile, Colombia, and Peru come up repeatedly in live pipelines. Underwriting focuses heavily on FX risk, contract certainty, and construction performance.

What investors ask first

  • Contracted revenue vs merchant exposure and the downside case.
  • FX and convertibility plan for debt service currency.
  • EPC risk allocation, liquidated damages, and commissioning path.

What improves terms

  • Independent engineer materials and credible yield studies.
  • Reserves and covenant design that match the real risk profile.
  • Governance and reporting a lender can monitor monthly.

What to submit if you want term sheets

If you want speed, bring clean inputs. A lender-ready file is consistent across model, contracts, and capex quotes.

Minimum package

  • PPA or offtake draft plus security and remedies.
  • Land rights, permits status, and interconnection evidence.
  • EPC and O&M drafts with scope, timeline, and performance security.
  • Model plus assumptions tied to contracts and third-party studies.

Helpful evidence

  • Sponsor track record and prior COD history.
  • Capex support and equipment supplier quotations.
  • Grid studies, yield reports, and independent engineer outputs.
  • Clear sources and uses with realistic milestone schedule.

Submit your solar project and get term sheets

Submit your project location, MW capacity, stage, offtake plan, currency, and target facility size. We revert with a checklist and the decision gates required to reach written term sheets.

Deal Submission

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. Financely is not a bank, lender, insurer, surety, broker-dealer, or investment adviser. Any transaction support is provided through vetted counterparties and is subject to eligibility, KYC and AML review, sanctions screening, counterparty risk policy, and execution of definitive agreements.