All case studiesRenewable Project Finance · Wind

[e.g., "Sizing non-recourse debt for a merchant-exposed wind farm"]

[one line: the leverage-vs-downside tension on a partly-merchant revenue stack]

[e.g., "Sizing non-recourse debt for a merchant-exposed wind farm"]
01

Project Snapshot

Asset
[onshore wind]
Capacity
[e.g., 200 MW]
Market
[e.g., ERCOT]
Revenue
[e.g., 70% hedged / 30% merchant]
Tax credit
PTC
Debt tenor
[e.g., 18 yrs]
02

The Challenge

[How to size sculpted debt against P50 vs P99 production and a hedged/merchant revenue mix while holding DSCR and LLCR — maximizing leverage without breaking coverage in the downside.]

03

The Approach

  1. 01

    [Build P50 and P99 production cases]

  2. 02

    [Layer hedged vs merchant revenue]

  3. 03

    [Monetize the PTC]

  4. 04

    [Sculpt debt to a target DSCR]

  5. 05

    [Test LLCR; set cash sweeps and reserves]

04

Inside the Model

[Describe the sculpted-debt engine and coverage outputs.]

[ Image placeholder — Sculpted debt profile + DSCR/LLCR over time ]
05

Results at a Glance

[Min DSCR][Avg DSCR][LLCR][Gearing %][Sponsor IRR]
06

What This Demonstrates

  • Debt sizing & sculpting
  • P50/P99 production sizing
  • Merchant/hedged revenue modeling
  • PTC mechanics
  • Covenant design
07

Key Takeaway

[Idea + mechanism, two sentences.]

Illustrative case built on representative data; not based on any confidential or client transaction.