Financing Utility-Scale Solar Portfolios

BroadNorth structured a $450 million financing package for a utility-scale solar portfolio across three emerging markets, accelerating the client’s transition to renewable energy. We managed complex land acquisition, grid interconnection agreements, and sovereign guarantee negotiations. By leveraging our relationships with multilateral development banks, we secured below-market debt pricing and political risk insurance, allowing the client to deploy 500MW of clean capacity two years ahead of schedule.

Challenge

The project faced significant headwinds including uncertain land tenure rights, volatile local currency exposure, and delayed grid access permits. Traditional commercial lenders deemed the jurisdictional risk too high, demanding prohibitive interest rates that would have rendered the project economically unviable and stalled national energy goals.

Solution

BroadNorth engineered a blended finance structure combining senior debt from development finance institutions with mezzanine capital from our private credit fund. Our legal team negotiated long-term land leases with local communities and secured sovereign guarantees against currency fluctuation. We facilitated direct engagement with national grid operators to prioritize interconnection. This de-risked structure attracted institutional capital, lowered the weighted average cost of capital by 300 basis points, and ensured timely commissioning of all three sites.

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Casestudies

Financing Utility-Scale Solar Portfolios

Challenge

Solution

Meridian Horizon Partners

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