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.
Solar Project Finance
Solar lenders are not funding your enthusiasm. They fund a controlled project company, a bankable contract stack, and a model that ties back to permits, grid, EPC, and operating assumptions.
This page is a practical guide to getting term sheets for solar projects, from development and construction through operation. For context on the broader market, see the IEA Solar PV overview.
If you want the lender workflow, submit your project here: Submit Your Deal.
Solar project financing is capital raised against a specific asset or portfolio, sized to contracted cash flows and protected by controls. It can include development bridge, construction debt, long-term term debt, mezzanine, preferred equity, and sponsor equity. In some markets, additional structures exist that reference tax attributes or credit transfer mechanics.
Quick framing: lenders underwrite the project’s ability to build, connect, operate, and pay. Your job is to prove those points with documents, controls, and a model that reconciles.
Your stack should match stage risk. Early-stage risk needs different capital than operating assets. Mixing them without discipline is a common reason projects stall. If you want the deeper structuring context, see What Is a Project Finance Transaction and Why SPVs Are Used in Project Finance.
| Stack Layer | Best Fit Stage | What It Pays For | Typical Underwrite Focus |
|---|---|---|---|
| Development Equity or Bridge | Pre-NTP | Permitting, grid work, studies, deposits, early EPC work | Permits path, interconnection plan, sponsor execution record, exit to construction funding |
| Construction Debt | NTP to COD | Capex and construction working capital | EPC terms, completion tests, schedule buffers, security, draw controls |
| Term Debt | Post-COD | Refinance construction debt, stabilise long tenor repayments | Cash flows, PPA terms, availability, curtailment, DSCR constraints and covenants |
| Mezzanine or Preferred Equity | Bridge gaps | Fills leverage constraints or accelerates buildout | Intercreditor mechanics, payment subordination, downside protection |
| Sponsor Equity | All stages | First-loss capital and alignment | Skin in the game, decision rights, support obligations during completion |
The fastest path to term sheets is a file that underwrites cleanly. This means clarity, not volume. A good reference is our guide on packaging lender-grade materials: What Lenders Want in a Project Finance Deck.
Most delays come from gaps between the story, the model, and the documents. The list below is what serious capital providers will request early. If you are still mapping the project finance process, see What Are the Steps in Project Finance.
| Category | Documents | What Lenders Look For |
|---|---|---|
| Corporate | SPV details, ownership chart, directors, governance, KYB pack | Ring-fencing credibility, decision rights, clean ownership and compliance |
| Commercial | PPA or offtake, tariff approvals, buyer diligence, settlement terms | Enforceability, payment certainty, termination and cure rights |
| Engineering | EPC term sheet or contract, scope, schedule, LDs, testing, warranties | Completion certainty, remedies for delay and underperformance |
| Operations | O&M term sheet or contract, KPIs, insurance plan, operations budget | Availability protections, reporting discipline, insurable risk profile |
| Permits and Grid | Permits matrix, land rights, interconnection, grid studies, milestones | Critical path clarity, realistic timing, no hidden conditions |
| Financial | Model, assumptions book, sources and uses, sensitivities, base case | Reconciled logic, downside resilience, sizing discipline |
Financely is an advisor. We structure and package your project to lender standards, then route it to matched capital providers and manage decisioning to written outcomes. For our project finance mandate overview, see Project Finance and for the broader firm overview, see What We Do.
We review the submitted file and identify the specific gaps that will cause credit, legal, or technical pushback. You get a clean checklist tied to lender questions, not generic advice.
We build a lender-ready pack that a credit team can circulate internally without rewriting your story. This is where speed is won.
We route the mandate to a focused set of capital providers that fit your jurisdiction, stage, and structure. We manage follow-ups and lender Q&A and keep the process inside a controlled workflow.
Once term sheets arrive, the work becomes execution detail. We help align covenant, security, accounts, and conditions precedent so the deal can close.
Timelines are driven by document readiness and responsiveness. A clean file moves faster than a complex story with missing contracts. Use this as a practical reference for pacing and dependencies.
| Phase | What Happens | What You Control |
|---|---|---|
| Submission | Project intake and initial screening for fit and bankability direction | Quality of summary, documents, and model completeness |
| Structuring | Gap view, sizing logic, controls mapping, and lender-ready pack build | Turnaround on missing items, contract versions, assumptions clarity |
| Outreach | Matched submissions, lender Q&A, follow-ups, and term sheet pursuit | Responsiveness to diligence questions and documentary consistency |
| Execution | Legal docs, security, accounts, conditions precedent, and close management | Speed of third parties, counsel, technical reports, permits completion |
Sometimes, but expect higher pricing, lower leverage, and heavier controls. If revenue is not contracted, lenders will lean on sponsor strength, alternative credit supports, or staged funding tied to milestones.
Not in the way most developers hope. Capital may exist for development, but construction debt usually requires clear permit conditions and a credible path to NTP and COD.
Single assets and portfolios both work. The key is whether the documentation, counterparties, and controls justify a scalable underwriting and monitoring process.
Yes, subject to country risk, enforceability, and counterparty profile. Expect more focus on controls, security, and hard evidence of permits, grid, and revenue collectability. See our regional view here: Solar Project Finance for Africa, India and Latin America.
Not always, but the structure must be clear early. Lenders want a clean borrower entity with ring-fencing, clear ownership, and governance that supports enforcement and reporting.
Submit a complete file, keep one clean version of each contract, and ensure the model ties back to those documents. Loose narratives and conflicting drafts create weeks of avoidable friction.
If you want term sheets, start with a lender-grade file. Submit your project details, contracts, permits status, and model. We will revert with a structured checklist and next steps.
Solar project financing is a control problem disguised as a capital problem. If your contracts, permits, grid path, and cash waterfall are not clean, the best lenders will pass or price wide.
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.
To proceed,
request a quote
and receive indicative commercial terms. If you require guidance before engaging,
book a paid telephone consultation.
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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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