Utility-Scale Solar Project Financing
Financely advises and arranges $25M–$500M+
capital stacks for utility-scale solar projects across the U.S., EMEA, Asia, and emerging markets. From construction debt and tax equity to sponsor equity and mezzanine tranches, we deliver institutional-grade financing structures that ensure bankability and accelerate financial close. Our network includes commercial banks, infrastructure funds, family offices, and energy-focused private equity partners.
Outcome:
Sponsors secure full capital stacks for solar farms, balancing debt, tax equity, and sponsor contributions to deliver grid-scale renewable energy assets.
Construction & Term Debt
Commercial and development banks typically fund 50%–65%
of project costs through construction loans, later converted into term debt post-COD. Financely negotiates favorable tenors, repayment schedules, and interest rate structures to align with project cash flows.
Tax Equity Financing
In markets like the U.S., tax equity investors
provide a critical layer, monetizing investment tax credits (ITCs) and production tax credits (PTCs). Financely works with institutional investors, corporates, and banks that specialize in renewable tax equity partnerships, ensuring developers capture maximum value from incentives.
Sponsor Equity
Sponsors are generally expected to contribute 10%–20%
of project costs in equity. We help raise co-investor equity from infrastructure funds, family offices, and institutional LPs, allowing developers to share risk and scale pipelines without overextending balance sheets.
Mezzanine & Holdco Debt
For projects with strong PPAs but funding gaps, mezzanine lenders provide subordinated debt at higher yields (typically 12%–16% IRR). Holdco debt structures can also unlock equity recycling across multi-project portfolios.
Example Solar Project Capital Stack
| Layer |
Typical Share |
Notes |
| Construction/Term Debt |
50%–65% |
Senior loans from banks/DFIs |
| Tax Equity |
15%–30% |
ITC/PTC monetization structures |
| Sponsor Equity |
10%–20% |
Cash equity, co-investors |
| Mezzanine/Holdco Debt |
5%–15% |
Flexible, equity-like risk-return |
Utility-scale solar projects require layered financing solutions — no single source of capital closes the gap. Financely brings together senior lenders, tax equity, mezzanine providers, and institutional co-investors to deliver credible bankable stacks. Our role is to simplify the complexity so developers focus on execution, not capital chasing.
Request a Quote for Solar Project Financing
Financely arranges $25M–$500M+
capital stacks for utility-scale solar projects. Minimum engagement fee: $100,000.
Request a Quote
Financely is an advisory and placement firm. We are not a direct lender. All financings are subject to due diligence, credit approval, and executed documentation. Engagement fees for solar project finance mandates start at $100,000. Structures and terms vary depending on jurisdiction, PPA quality, and sponsor profile.