Solar Project Finance Advisory

Solar and battery storage projects rarely stall for lack of capital. They stall because the offtake, the yield case, the interconnection, or the model does not hold up in lender diligence. FG Capital Advisors prepares solar PV and storage projects for that diligence and raises the debt and equity to close them.

We work with developers, independent power producers, and investors on utility-scale, commercial and industrial, and community solar, in established markets and in emerging markets including Africa and India.

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What We Deliver

For Developers and IPPs

A lender-grade financial model with P50 and P90 cases, debt sizing to DSCR, a review of the PPA and interconnection from a lender's perspective, and a credit memorandum. We then run the raise for construction debt, term debt, sponsor equity, and tax equity or tax credit transfer where available. See an indicative solar project finance term sheet.

For Investors and Lenders

Buy-side diligence on single projects and portfolios, covering the revenue contracts, EPC and O&M terms, the yield assumptions, and the model. We also cover valuation and structuring support for acquisitions, co-investments, and fund vehicles, and we source projects that match a stated mandate.

Battery Storage and Hybrids

Storage only finances well when its revenue is contracted or clearly modeled. We structure tolling, capacity, and hybrid PPA revenue, and we model degradation and augmentation explicitly so lenders can size against it.

Emerging Markets

Projects selling to state utilities need more than a good tariff. We address payment security, currency risk, political risk cover, and DFI requirements. Read about solar debt placement in India and Africa.

How an Engagement Works

  1. You request an estimate and share the project details, including the capacity, location, development stage, offtake, and the capital you need. We reply with the scope, fee, and timeline.
  2. We review the project the way a credit committee will and give you a written list of the gaps that would block financing, with how to close each one.
  3. We build or audit the model, size the debt, and prepare the financing package.
  4. We approach lenders and investors whose mandate fits the project, compare the term sheets, and coordinate diligence through to financial close.
Request an Estimate

Lenders and investors make their own credit and investment decisions. Terms and approval depend on their diligence, and funding is not guaranteed.