Project Finance Solutions for Large-Scale Investments

Our project finance solutions are designed for corporate clients, developers, and investors seeking to fund large-scale, capital-intensive projects in a disciplined and efficient way. Project finance focuses on the cash flows and assets of a specific project rather than the general balance sheet of the sponsor. Transactions are typically structured through a dedicated special purpose vehicle (SPV), supported by long-term contracts such as offtake agreements, concessions, or availability-based payment schemes. We work closely with you to design robust, bankable structures that align interests among sponsors, lenders, and key stakeholders.

We support a wide range of sectors, including transport and social infrastructure, power generation and renewables, real estate developments, and industrial facilities. Typical structures include limited or non-recourse financing, where lenders primarily rely on project cash flows and security over project assets. Our team helps you navigate risk allocation across construction, operation, market, and regulatory risks, ensuring that each risk is allocated to the party best able to manage it. This approach enhances bankability, improves pricing, and supports timely financial close for complex projects.

For clients, project finance offers several key benefits. Properly structured transactions can achieve off-balance-sheet treatment, helping preserve borrowing capacity and key financial ratios at the corporate level. Tailored repayment profiles are aligned with projected cash flows, allowing for sculpted amortization, grace periods during construction, and flexible covenants that reflect the project’s risk profile. This enables sponsors to optimize capital structure while maintaining financial resilience throughout the project lifecycle.

Our solutions also provide access to long-term capital from banks, institutional investors, and, where appropriate, export credit agencies or multilateral institutions. We combine sector expertise with rigorous financial modelling and documentation support to deliver transparent, predictable financing outcomes. To illustrate our approach, we recommend using simple icons or images such as a stylized skyline or power plant to represent large-scale projects, and an interconnected nodes or layered blocks icon to symbolize financial structuring and risk allocation.

Project Finance Solutions & Key Features

Our project finance offering is designed to provide bankable, long-term funding tailored to the specific risk profile and cash flows of each project. We combine sector expertise, flexible structuring, and close coordination with all stakeholders to deliver robust, sustainable capital solutions from early development through to full operations.

Loan Tenors & Repayment Profiles

  • Typical tenors aligned with project life, often 7–18 years, with longer maturities possible for infrastructure and renewables.
  • Availability periods tailored to construction schedules, including grace periods on principal during build-out.
  • Repayment structures matched to cash flows: sculpted amortisation, annuity-style, or bullet components where appropriate.
  • Option to include mini-perm structures with refinancing incentives for projects with clear de-risking milestones.

Interest Rate Options

  • Fixed-rate loans for sponsors seeking long-term cost certainty and simplified budgeting.
  • Floating-rate loans referenced to major benchmarks (e.g. SOFR, EURIBOR, SONIA) with transparent margins.
  • Blended fixed/floating solutions to balance interest cost and risk management objectives.
  • Integrated hedging strategies (swaps, caps, collars) arranged in coordination with relationship banks and hedge providers.

Currency Choices

  • Major hard currencies (USD, EUR, GBP, JPY) for internationally funded projects and cross-border sponsors.
  • Local currency options where markets are sufficiently liquid, supporting natural hedging of revenue streams.
  • Multi-currency facilities to match construction costs, revenue currencies, and debt service obligations.
  • FX risk mitigation through structured hedging and alignment of currency mix with project contracts.

Security Package

  • Comprehensive security over project assets, including land rights, plant, equipment, and key permits.
  • Assignment of material project contracts (EPC, O&M, offtake, supply, concession, and insurance policies).
  • Share pledges over the project company and control over project bank accounts via waterfall and cash sweep mechanisms.
  • Step-in rights for lenders to protect asset value and ensure continuity in case of underperformance or default.

Covenants & Monitoring

  • Financial covenants focused on cash flow resilience, including DSCR, LLCR, and leverage metrics.
  • Information covenants requiring regular reporting, audited financials, and operational performance updates.
  • Project-specific undertakings on construction progress, budget adherence, and maintenance standards.
  • Distribution tests and lock-up mechanisms to preserve liquidity when performance falls below agreed thresholds.

Eligibility Criteria

  • Project size: Typically medium to large-scale projects with clearly defined capital expenditure and revenue models.
  • Sponsor profile: Experienced sponsors with strong track records, adequate equity commitment, and aligned incentives.
  • Contractual framework: Bankable EPC and O&M contracts, robust offtake or availability-based arrangements, and clear concession terms.
  • Feasibility: Independent technical, market, environmental, and legal due diligence supporting long-term viability.
  • Regulatory context: Stable legal and regulatory environment with appropriate licenses and approvals in place or well advanced.

Financing Across Project Phases

  • Development phase: Limited-recourse or corporate-backed development facilities to fund studies, permits, and early-stage costs, often with clear conversion paths into long-term project finance.
  • Construction phase: Drawdown-based facilities aligned with construction milestones, including contingencies, cost overrun mechanisms, and performance security from contractors.
  • Operation phase: Long-term amortising debt supported by stable cash flows, with options for refinancing, upsizing, or releasing reserves as risks reduce.
  • Ability to incorporate mezzanine tranches, standby facilities, and reserve accounts (DSRA, MRA, capex reserves) tailored to project needs.

Collaboration with Key Stakeholders

  • Export credit agencies (ECAs): Integration of ECA-covered tranches to support eligible equipment and services, enhancing tenor, pricing, and risk coverage.
  • Multilateral and development finance institutions: Co-financing structures that bring political risk mitigation, catalytic capital, and ESG expertise.
  • Co-lenders and club deals: Coordinated documentation and intercreditor arrangements to align banks, institutional investors, and alternative lenders.
  • Advisers and counterparties: Close engagement with legal, technical, insurance, and environmental advisers to ensure bankability and timely financial close.

Across all mandates, we focus on practical, solution-oriented structuring that balances risk allocation, bankability, and sponsor objectives, enabling projects to reach financial close efficiently and operate successfully over the long term.

Project Finance Advisory & Support

We provide end-to-end advisory and support across the full project finance lifecycle. From early-stage feasibility assessments and robust financial modelling through to structuring, lender engagement, and documentation, we help you turn complex projects into bankable opportunities. Our team guides you through term sheet negotiation, coordinates due diligence across technical, legal, and commercial workstreams, and supports you all the way to financial close.

With deep sector expertise, a strong track record across multiple asset classes, and a collaborative, hands-on approach, we work as an extension of your team to secure optimal financing terms and timelines. We focus on practical solutions, clear communication, and disciplined execution so you can move forward with confidence.

Contact us today to finance your project.