Solar PPA Structuring and Offtake Advisory
The power purchase agreement is the core of most solar financings. A PPA that looks good commercially can still fail lender review if the termination, curtailment, credit support or payment terms are wrong.
FG Capital Advisors reviews and structures solar PPAs and other offtake contracts from a lender perspective so the project can raise debt and equity on them.
Start Client IntakeWho This Is For
Developers Negotiating PPAs
Developers negotiating with utilities, corporate buyers or state offtakers.
Corporate Buyers
Companies buying solar power who want terms a lender will finance.
IPPs in Emerging Markets
IPPs selling to state utilities who need payment security and risk cover.
Owners Recontracting
Owners of operating plants whose original offtake is ending.
What FG Capital Advisors Arranges
Bankability Review
Review of tenor, tariff, indexation, curtailment, change in law, termination and credit support terms.
Offtake Strategy
Comparison of utility, corporate, virtual and hybrid PPA options for your project.
Payment Security
Letters of credit, guarantees, escrow and political risk cover for weaker offtakers.
Financing Link
A clear line from the PPA terms to the lender case and the capital raise.
This service is part of our Solar Project Finance Advisory work, which covers every stage of solar and renewable energy financing.
How It Works
- You send the project details and the draft or signed PPA through the client intake form.
- We review the contract the way a lender will and send a written list of issues and proposed changes.
- We support your negotiation with the offtaker on the points lenders care about.
- We move the project into the financing process with the PPA as the base of the credit case.
What Lenders and Investors Look For
Creditworthy Offtaker
An offtaker with a rating, strong financials or credit support.
Tenor and Tariff
A term and tariff that support debt repayment over the loan life.
Risk Allocation
Clear treatment of curtailment, grid outages, change in law and force majeure.
Termination Protection
Termination payments that cover debt if the offtaker defaults.
Documents to Send
Contract
Draft or signed PPA and any related grid or wheeling agreements.
Offtaker
Offtaker financial information or rating where available.
Project
Capacity, location, interconnection and development status.
Financial
Financial model or tariff analysis.
Related Services and Guides
Frequently Asked Questions
What makes a PPA bankable?
A creditworthy offtaker, a tenor and tariff that support the debt, clear risk allocation and termination payments that protect lenders.
Can a virtual PPA support project finance?
Yes, lenders do finance projects with virtual PPAs, but they review the settlement terms, basis risk and the buyer's credit closely.
Do you negotiate with the offtaker for us?
We support your negotiation on the terms lenders care about. You and your counsel remain the contracting party.
How do I start?
Send the PPA draft and project summary through the client intake form.
Start Your Client Intake
Send the project through our client intake form with the details listed above. We review every submission and reply in writing with the scope, fee and next steps.
Start Client IntakeLenders and investors make their own credit and investment decisions. Terms and approval depend on their diligence, and funding is not guaranteed.
