Fundraising for Solar Projects | Development, Construction, HoldCo & OpCo

Notice. Advisory and arranging services only. We are not a lender. Proposals depend on KYC/AML, technical diligence, eligibility, collateral controls, and definitive documentation.

Fundraising for Solar Projects

Capital for utility-scale and C&I portfolios. We arrange development spend, construction debt, mini-perm, mezzanine, HoldCo and OpCo facilities, plus risk management around offtake and grid exposure across the US, Europe, UK, MENA, Africa, LATAM, and APAC.

Request A Proposal

Share sites, queue status, PPA or hedge path, and COD plan. We revert with structures sized to DSCR and resource cases with a clear route to first draw.

Open Client Intake

Capital Solutions Across The Stack

Development Spend

  • Interconnection deposits, studies, land control, permits
  • Budget for owner’s engineer and legal workstreams
  • Milestone draws tied to grid and PPA progress

Construction & Term

  • EPC-backed construction facilities with IDC and contingency
  • Mini-perm and term refinancings sized to DSCR and P50/P90
  • Security over shares, accounts, contracts, and land rights

Portfolio & HoldCo

  • HoldCo lines against distributions and contracted cash flows
  • OpCo working capital for warranty, spares, and O&M
  • Warehouse facilities with release mechanics per asset

Regions We Cover

United States PPA and hedge-backed structures. Queue position and deliverability checks. Curtailment, nodal basis, and congestion analysis. Community solar and C&I portfolios accepted.
European Union Spain, Italy, Portugal, Poland, Nordics, Germany. Corporate PPAs and merchant exposure with collars. Permitting and grid milestone gating.
United Kingdom CfD rounds and private PPAs. Capacity and ancillary revenue stacking. Constraint and connection risk tracked via IE reports.
MENA UAE and KSA utility tenders plus C&I. Land tenure, local content, tariff framework, and EPC covenant strength.
Africa IPP frameworks in South Africa, Kenya, and select markets. Offtaker credit review, convertibility, and PRG-style mitigants where available.
Latin America Brazil, Chile, Colombia. Corporate PPA depth, merchant tails with hedges, and land plus interconnection security.
APAC India utility and C&I. Southeast Asia private wire and embedded networks. Policy stability and curtailment controls.

We adapt structuring to local rules and lender tests. Final terms follow underwriting and approvals.

Eligibility And Data We Need

Baseline profile

  • Late-stage development or NTP-ready preferred
  • Bankable EPC and O&M counterparties or shortlist
  • Interconnection progress with realistic COD plan
  • Offtake path via PPA, CfD, private wire, or hedge

Data room items

  • Site control, permits, studies, interconnection evidence
  • PPA or hedge term sheet with imbalance and curtailment stance
  • EPC and O&M drafts, PR assumptions, degradation curve
  • Model with sensitivities, sizing memo, and reserve waterfall

We issue a checklist at intake. Execution starts once core items are complete.

Execution Approach

Workstreams

  • Jurisdiction, grid, and offtake screening
  • Indicative terms with lender short-list
  • Technical, legal, ESG, and credit diligence
  • Approvals, CPs, first draw, and monitoring

Risk controls

  • DSCR and LLCR tests aligned with resource risk
  • Milestones at NTP, MC, COD, PAC, and FAC
  • Account control, reserves, and distribution locks if tests fail
  • Insurance, IE sign-off, and change order governance

Products And Indicative Terms

Development Capital 1,000,000 to 5,000,000 USD. Milestone draws for permits, studies, interconnection, and PPA execution. Partial recourse until NTP.
Construction Facility 70% to 85% of eligible EPC and soft costs. IDC, contingency, and performance security requirements. Tenor to COD plus buffer.
Mini-Perm / Term Tenor 5 to 12 years. Sizing to DSCR on P50 and P90. Cash sweeps and distribution tests. Refinance once operations stabilize.
Mezzanine / HoldCo Contracted cash flow based with intercreditor alignment. PIK options for ramp periods. Useful for equity gap fill and scaling.
Working Capital VAT, spares, warranty, and O&M. Grid bonds, performance guarantees, and reserve top-ups where needed.
Facility Size From 5,000,000 to 250,000,000 USD per project or tranche. Portfolio lines available.
Pricing Reference rate plus margin by risk band. Commitment and arrangement fees. Third-party costs pass through.
Security Package Share pledges, account control, assignment of material contracts, land rights, and step-in via direct agreements.
Key Covenants DSCR and LLCR thresholds, budget controls, PR and availability KPIs, hedging minimums, distribution locks on test breach.
Documentation Facility agreement, intercreditor, direct agreements, security, hedging docs, insurance endorsements, and CP schedule.

Lead Advisor

Kenny Kayembe

Project finance and structured credit advisor for energy and real assets across EMEA and the Americas. Background in investment banking and M&A advisory with a focus on independent power producers and sponsors.

  • Builds bank-grade financial models with sizing memos, DSCR/LLCR cases, and reserve waterfalls
  • Runs lender processes from screening to approvals with clear CP tracking and closing timetables
  • Coordinates IE, legal, insurance, and grid workstreams to align covenants with operating reality

Selected Technical Achievements

  • Structured construction and mini-perm packages for utility-scale portfolios with PPA and hedge combinations
  • Set up portfolio warehouses with release mechanics, distribution tests, and cash sweep frameworks
  • Delivered lender-ready data rooms and closing checklists that reduce rework and cut approval cycles

Kenny leads mandates with regulated partners for lending, custody, and hedging. References available under NDA.

Timeline And Fees

Execution timeline

  • Week 1 screening and lender read
  • Weeks 2 to 3 data room and indicative terms
  • Weeks 4 to 8 technical, legal, and credit approvals
  • First draw on completion of CPs and hedge where required

Advisory fees

  • Engagement retainer from 50,000 to 200,000 USD based on scope
  • Success fee on arranged capital and first funding
  • Third-party costs pass through at cost

We operate via regulated partners for custody, payments, and settlement.

Request Your Proposal

Send your queue positions, PPA or hedge path, EPC plan, and COD target. We come back with a structure, controls, and a target timeline to NTP and COD.

Open Client Intake

Disclosures. FG Capital Advisors provides advisory and arranging services. No guarantee of approvals, pricing, timing, or capacity. All proposals are subject to eligibility, documentation, and counterparty approvals.