Renewable Energy Financing Documents

Finance documents

The main loan contract - the centrepiece of any project financing - is the main document that will form the basis of any long-term financing deal. It will include a range of different structures, depending on whether there is a single lender, multiple lenders or a syndication.  Each structure will include certain key features: 

• They will provide construction debt facilities, available to be drawn progressively during an availability period broadly aligned with the expected construction period.
• The loan contract will contain various financial covenants, designed to regulate the financial health of the SPV, as the borrower.
• As borrower, the SPV will be required to provide various reports and other information as well as representations and warranties regarding the project’s status, progress and any problems it faces.
• The loan contract will also include a list of events of default. These may be triggered by breaches of the financial covenants we mentioned or of the representations and warranties or other material obligations under the loan contract.