Get large Indian solar and storage projects funded.
FG Capital Advisors is a debt placement advisory firm for large-scale Indian solar, open-access, group captive, utility-scale IPP, solar-plus-storage and hybrid power projects raising at least USD 10,000,000. We help sponsors turn bankable renewable energy projects into lender-ready mandates and place those mandates with banks, DFIs, infrastructure lenders, private credit funds, impact investors and blended finance providers.
Our team has advised on over USD 500,000,000 of project funding. We support sponsors across the full scope, from project screening and capital structure through financial model review, PPA analysis, open-access and group-captive structuring, blended finance positioning, I-REC strategy, lender outreach, term sheet negotiation and closing coordination.
Debt placement advisory for large projects only
FG Capital Advisors focuses on large Indian renewable energy mandates where the project is large enough to justify institutional debt placement, lender diligence and full-scope advisory. The minimum capital raise we work on is USD 10,000,000.
The page is built for open-access solar, group captive solar, utility-scale solar IPPs, solar-plus-storage, hybrid renewable energy, data center power, industrial estate power, EV infrastructure power and operating solar asset refinancing.
We avoid small standalone rooftop solar mandates because they usually sit below our capital raise threshold. Rooftop exposure only fits where it is part of a large multi-site portfolio, platform refinancing, acquisition facility or infrastructure-backed corporate power mandate.
The fundability test
Can the project support a debt case with credible revenue, realistic capex, bankable counterparties, clear permits, viable execution risk and a capital stack lenders can approve?
- Minimum capital raise of USD 10,000,000
- Open-access, group captive or utility-scale route
- Debt sizing and DSCR logic
- PPA and offtaker analysis
- Blended finance and guarantee potential
- I-REC and green attribute strategy
Commercial terms
FG Capital Advisors works on India solar and storage mandates where the minimum capital raise is USD 10,000,000.
The minimum retainer is USD 100,000 and is subject to formal scope, project fit, conflict checks, KYC and an executed engagement letter.
The retainer is positioned against up to USD 300,000
in advisory scope value across structuring, model review, capital stack design, blended finance positioning, lender distribution and closing support.
Pricing note. The USD 100,000 retainer is the minimum starting point for qualified India solar debt placement mandates. Larger, multi-state, hybrid, group captive, BESS, platform refinancing or blended finance mandates may require a higher retainer depending on scope and execution burden.
Large Indian solar projects that fit USD 10M+ funding mandates
Offsite solar for corporate buyers
Large offsite solar projects selling power to industrial or commercial offtakers through open-access, wheeling, bilateral PPA or corporate procurement structures.
Industrial user-backed solar SPVs
Group captive and captive structures built around industrial electricity demand, sponsor participation, long-term cost savings and bankable offtake logic.
Grid-connected solar PV
Large solar IPPs selling power through utility, central procurement, state procurement or private offtake routes.
Dispatchable renewable power
Solar PV paired with BESS for peak supply, energy shifting, backup power, data centers, industrial parks and weak-grid reliability.
Solar, wind and storage
Hybrid renewable projects designed for stronger generation profiles, better PPA value and round-the-clock renewable supply.
Power for digital infrastructure
Solar, storage and hybrid power structures for data centers, telecom facilities, cloud infrastructure and digital campuses.
Private-wire and estate power
Renewable power for industrial parks, logistics corridors, manufacturing clusters, ports, warehouses and large commercial infrastructure.
Charging corridors and fleet depots
Solar and storage projects supporting EV charging corridors, depot networks, heavy fleets, logistics hubs and electrified transport platforms.
Operating solar portfolio refinancing
Refinancing, recapitalization or acquisition finance for commissioned solar assets, operating portfolios and platform-level renewable energy holdings.
Capital stack advisory
Large Indian solar projects usually require more than a single senior debt term sheet. A credible funding strategy may combine project debt, construction bridge capital, sponsor equity, working capital lines, DFI debt, private credit, blended finance, I-REC revenue analysis and credit enhancement support.
| Capital layer | When it matters | FG Capital advisory role |
|---|---|---|
| Senior project debt | Construction-ready projects with strong offtake, permits, EPC and model discipline. | Debt sizing, DSCR review, lender package preparation and placement strategy. |
| Construction bridge debt | Projects needing capital before full senior debt drawdown, refinancing or final closing. | Bridge use-of-proceeds analysis, exit route, security package and lender targeting. |
| Group captive and open-access debt | Large industrial power projects with corporate demand, state-level route, wheeling logic and long-term offtake. | Corporate offtaker review, structure analysis, PPA pool mapping and lender presentation. |
| Blended finance | Projects with climate relevance, industrial decarbonization value, grid-support value or development impact. | DFI positioning, concessional tranche logic, guarantee routes and risk mitigation review. |
| ECA and supplier-linked finance | Projects using imported equipment, BESS systems, inverters, modules, EPC packages or supplier contracts. | Supplier finance review, ECA fit, documentation support and procurement finance strategy. |
| I-REC and green attribute strategy | Projects with corporate offtake, sustainability buyers or renewable attribute monetization potential. | I-REC revenue logic, buyer alignment, reporting value and green attribute documentation review. |
How we help clients get funded
Project screening
We review the project stage, location, sponsor, site rights, permitting path, offtake, grid, wheeling or private-wire route, EPC status, storage requirement and funding target.
Funding strategy
We identify the right debt route, including senior debt, construction debt, group captive debt, open-access debt, DFI debt, blended finance, private credit, supplier finance or refinancing.
Lender-ready package
We prepare the funding memo, model review, use-of-proceeds logic, capital stack, risk register, PPA summary, EPC summary, I-REC notes and closing plan.
Debt placement
We approach aligned banks, DFIs, infrastructure lenders, private credit funds, impact investors, guarantors and blended finance channels.
Term sheet and closing support
We support term sheet review, lender Q&A, due diligence, conditions precedent, security package discussion, closing timetable and funding mechanics.
Full-scope advisory across large India solar sectors
Recognized sector specialists
FG Capital Advisors coordinates recognized sector specialists across solar PV, BESS, hybrid power, open access, group captive structures, EPC, O&M, I-RECs, blended finance, infrastructure debt, project finance modelling and lender diligence.
Debt placement discipline
We advise throughout the full scope of the funding process, from early fundability review to lender-facing materials, capital stack strategy, debt placement, term sheet negotiation and closing support.
Technical and commercial review
- Site and project-stage review
- EPC and O&M review
- PPA and offtaker analysis
- Open-access, wheeling or group-captive review
- BESS sizing and revenue logic
- I-REC and renewable attribute analysis
Finance and placement support
- Financial model and DSCR review
- Debt sizing and funding memo
- Blended finance positioning
- DFI, bank and private credit outreach
- Guarantee and credit enhancement review
- Term sheet and closing coordination
Documents needed for debt placement review
Project and sponsor materials
Sponsor profile, project summary, ownership structure, development history, project location, site rights, permits status, grid, open-access, group-captive or private-wire route and funding requirement.
Revenue and offtake
PPA draft or signed PPA, tariff assumptions, offtaker profile, industrial demand case, utility procurement details, group-captive structure, merchant exposure and I-REC or green attribute strategy.
Technical package
Resource assessment, layout, EPC proposal, capex budget, BESS specification, O&M plan, interconnection study, generation profile and construction schedule.
Financial package
Financial model, capex breakdown, debt sizing, equity contribution, DSCR case, sensitivity analysis, use of proceeds, repayment plan and requested financing structure.
Minimum mandate focus. FG Capital Advisors works on Indian renewable energy projects seeking at least USD 10,000,000 in funding and backed by credible development progress, sponsor readiness and a realistic route to lender diligence.
Project types we prioritize
| Project type | Typical funding need | Primary debt case |
|---|---|---|
| Open-access solar | USD 10M to 250M+ | Corporate PPA, wheeling route, tariff savings and long-term industrial demand. |
| Group captive solar | USD 10M to 250M+ | Industrial buyer participation, contracted offtake and structured ownership logic. |
| Utility-scale solar IPPs | USD 20M to 500M+ | Utility procurement, central or state-backed tenders, corporate offtake or project refinancing. |
| Solar plus BESS | USD 10M to 500M+ | Dispatchable power, peak shaving, data center demand, weak-grid support or industrial reliability. |
| Hybrid solar, wind and BESS | USD 25M to 1B+ | Round-the-clock renewable power, stronger PPA value and better generation profile. |
| Data center and digital infrastructure power | USD 10M to 250M+ | High-load commercial demand, contracted power needs and infrastructure-backed offtake. |
| Industrial zone and logistics power | USD 10M to 250M+ | Private-wire power, estate-wide demand, warehousing, manufacturing and port-linked demand. |
| Operating solar asset refinancing | USD 10M to 500M+ | Commissioned assets, portfolio refinancing, acquisition finance or recapitalization. |
FAQ
What project size is a fit?
Do you work on standalone C&I rooftop solar projects?
What is the minimum retainer?
Can you support open access and group captive solar?
Can you advise on blended finance and I-RECs?
Does FG Capital Advisors guarantee funding?
Ready to get your large Indian solar project funded?
Submit your project package for review. FG Capital Advisors will assess fundability, structure the debt placement strategy and advise on the path to banks, DFIs, private credit, infrastructure lenders, impact investors and blended finance channels.
Disclosure
FG Capital Advisors provides advisory, structuring and capital placement support. This page is informational and does not constitute investment advice, legal advice, tax advice, an offer to sell securities, a solicitation to buy securities, a commitment to lend, or a guarantee of funding. Any project funding remains subject to due diligence, documentation, lender underwriting, KYC, AML, sanctions checks, credit approval, project risk review, country risk, offtaker risk, permits, interconnection, technical diligence, legal review and final agreement. The USD 100,000 retainer and referenced advisory scope value are subject to signed engagement terms.
