Category: Finance and Asset Management
As solar energy developers work to bring new projects online faster and more efficiently than ever before, they require access to increasingly flexible project capital in order to optimize early development efforts. Lenders can assist developers by providing revolving lines of credit to finance often early stages of project developments, before the usual project-level collateral is in place. Where traditional construction lending relies on collateral tied to specific project assets, a revolving credit line typically is secured by corporate guaranties and pledges of membership interests in the project entities. Lenders will have an opportunity to provide financing based on the strength of the relationship and portfolios of the developer, and both lenders and borrower/developers will benefit from this education through an interactive discussion on the inherent risks and rewards of this kind of non-project specific lending.
Laura Weingartner– Attorney, Dykema Gossett PLLC