Sector 03

Utility-Scale Energy
& Clean Power Debt Capital

Structured Finance arranges senior debt and mezzanine capital facilities for utility-scale solar, wind generation, battery energy storage systems (BESS), and power transmission infrastructure globally.

Origination Dynamics

Unlocking Capital for Complex Power & Storage Assets

Utility-scale energy projects rely on complex, multi-tranche capital stacks. As traditional bank syndicates face multi-year transmission interconnect queues, floating-rate mini-perm risks, and rigid domestic content rules, direct private credit provides the certainty, speed, and leverage needed to bring large-scale power online.

The Traditional Bank Challenge

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    Low Leverage Caps: Senior banks cap debt at 40% to 60% LTC, requiring developers to secure complex tax equity partners or inject heavy cash equity.
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    Floating & Mini-Perm Risks: Bank facilities use floating SOFR rates with short 5-to-7-year term loans, forcing sponsors into balloon refinancing exposure at commercial operation.
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    Queue & Supply Chain Bottlenecks: Extended transmission queue backlogs (3 to 5 years) and equipment lead times cause conventional syndicates to delay or stall debt commitments.
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    Strict Offtake Discounts: Banks heavily discount uncontracted merchant power revenues and mandate rigid, date-certain EPC liquidated damages.

The Structured Finance Solution

  • Higher Leverage: We structure combined senior and mezzanine debt stacks that reach up to 90% LTC, drastically reducing the sponsor's cash equity burden.
  • Fixed-Rate Certainty: All placed facilities utilize fixed interest rates, protecting your underwriting model from market volatility from ground-break to commercial operation.
  • Direct Private Capital: We place debt directly with private institutional lenders, eliminating the delays and friction of relying on a dozen regional banks to share the note.
  • Milestone Capital Draws: Disbursements accommodate long-lead equipment procurement (transformers, BESS, modules) and tax credit transferability (IRA Section 6418) for smooth project execution.
Asset Scope

Covered Energy Sectors

Nuclear Power & Small Modular Reactors (SMRs)

Senior and subordinate capital facilities for next-generation nuclear deployments, base-load SMR facilities, and nuclear grid expansion projects.

Utility-Scale Solar & Wind Generation

Construction and long-term project debt for multi-megawatt photovoltaic arrays, onshore/offshore wind farms, and hybrid renewable energy parks.

Battery Energy Storage Systems (BESS)

Standalone and co-located battery storage facilities designed for grid stabilization, peak shaving, and energy arbitrage applications.

Natural Gas & Thermal Power Facilities

Debt structures for modern combined-cycle natural gas facilities, thermal generation plants, and low-emission power infrastructure.

Transmission Grid & Substation Infrastructure

Capital placement for high-voltage transmission lines, regional substation interconnections, and grid reliability upgrades.

And Other Utility-Scale Power & Energy Developments

Custom project finance solutions for geothermal, hydrogen, hydroelectric, and specialized clean energy infrastructure worldwide.

Origination Desk

Submit Your Energy Project

If you have a utility-scale energy development requiring debt financing, submit your project details directly to our origination desk for underwriting review.