2024
Energy · Australia
- Climate
- Energy access
Utility-scale solar + storage
$140M
Structure: 18-year project finance, PPA-backed
Outcome: 220 MW online, powering ~90,000 homes.
Related productProject
Project Finance
GarantizadoLimited and non-recourse structures backed by project cash flows.
- Tasa indicativa
- 6.5% – 11%*
- Monto
- $1M – $200M
- Plazo
- hasta 25 años
*Rango de TAE indicativo. Sujeto a aprobación de crédito. No constituye una oferta de crédito.
- Importe
- $1,000,000 – $200,000,000
- TAE indicativa*
- 6.5% – 11%
- Tasa representativa
- 8.25%
- Plazo máximo
- 300 meses (25 años)
*Solo indicativo. Sujeto a aprobación crediticia.
6.5% – 11% · hasta 25 años · Comisión de apertura 1% – 0.75%
Calcular pagosProject Finance is designed for ring-fenced special-purpose vehicles whose debt is repaid from the cash flows of a single asset — a plant, a concession, a development.
We act as arranger and lender of record, often anchoring a syndicate alongside development-finance and institutional co-lenders.
Características clave
- SPV-based structuring
- Construction draw schedules
- Up to 25-year tenors
Elegibilidad
- SPV with clear sponsor equity commitment (typically 25–35%)
- Bankable feasibility study and independent technical review
- Contracted or highly visible revenues (PPA, offtake, concession)
- EPC contract with creditworthy contractor
Uso de los fondos
- Greenfield construction
- Brownfield expansion
- Refinancing post-COD
- Capitalised interest during construction
Covenants típicos
- Minimum ADSCR 1.30x; lock-up at 1.15x
- Debt service reserve account of 6 months
- Restrictions on distributions until completion test
- Independent engineer sign-off on each draw
Calendario de disposiciones
Monthly or milestone-based draws against certified construction progress, with retention released at completion.
Term sheet indicativo
Términos indicativos — Project Finance
- Prestatario
- [Project SPV] Ltd.
- Importe
- Up to USD 85,000,000 senior secured
- Plazo
- 18 years incl. 30-month construction period
- Precio
- SOFR + 3.75% (indicative)
- Comisiones
- Arrangement 1.5%; commitment 0.75% on undrawn
- Garantías
- Share pledge, assignment of project contracts and accounts
- Amortización
- Sculpted to forecast CFADS after grace period
Operaciones seleccionadas · Project
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