Debt structuring

Whilst debt capital has recently been widely available, lending institutions have become less flexible in relation to their requirements when it comes to financing projects. Precedent project financings are increasingly becoming the driving factor, making the financing of new unprecedented projects more challenging, including in relation to green projects and particularly in regions with limited credit history. Increasingly, development and concessional funds are filling the gap and in order to de-risk a project’s capital structure and ultimately allow for commercial lenders to participate. Addressing lender credit challenges whilst preserving shareholder value is key and, in fact, the focus of most landmark climate projects globally.