Insights
Project finance, explained by the desk that underwrites it
Sector guides and structuring notes for sponsors preparing a project facility — how lenders read a deal, what diligence they require, and how drawdowns are released.
Explainer · 7 min read
What is project finance, and when does it beat a corporate loan?
Project finance lends against the cash flow a specific asset will generate, not against the balance sheet of the company building it. That single distinction shapes every other term in the facility.
August 18, 2026
Case studies
Mandates we have arranged.
Case study
Atlas Renewable Energy: $500 million solar and storage programme in Chile
Closed in April 2025: a $500 million programme supporting Atlas Renewable Energy, whose investment focus is almost entirely large-scale solar power and energy storage, deployed in Chile.
September 8, 2026 · 5 min read
Case study
Climate Finance Partnership and Global Infrastructure Partners: R500 million in South Africa
Closed on 11 October 2022: an R500 million South African mandate arranged alongside the Climate Finance Partnership (CFP) and Global Infrastructure Partners (GIP), with Investec Bank as the primary financial institution backing the fund.
September 8, 2026 · 5 min read
Sector guide
How to finance a renewable energy project
Solar, wind, hydro and storage schemes are the most bankable projects we see — but only where the revenue contract, the grid connection and the construction contract line up.
August 25, 2026 · 9 min read
Sector guide
Infrastructure project finance: concessions, availability payments and public counterparties
Infrastructure deals turn on the contract with the public authority. Get the payment mechanism and the termination regime right and the rest of the structure follows.
August 28, 2026 · 8 min read
Sector guide
How to finance a real estate development project
Development lending is short-dated, drawn in stages and repaid from an exit — a sale or a refinance. Underwriting therefore concentrates on the exit, not the build.
September 1, 2026 · 8 min read
Sector guide
Agriculture and agri-processing project finance
Agricultural projects generate revenue in bursts, not evenly. A facility that ignores the harvest calendar creates a default that the underlying business never deserved.
September 3, 2026 · 7 min read
Structuring
The project finance diligence pack, item by item
Most project applications are not declined on merit. They stall because the pack is incomplete, inconsistent or out of date. Here is what each document is actually for.
September 5, 2026 · 9 min read
Structuring
Staged drawdown: how milestone funding protects both sides
Project money is released against certified progress. A well-built drawdown schedule keeps the site working; a badly built one strands a project between tranches.
September 6, 2026 · 6 min read