Raising Capital for Merchant Projects

Synopsis

Merchant models aren’t new so what can we learn from the past? This session will look at how developers are focusing on more in-depth due diligence to achieve financial close.

We will assess:

• How should sponsors change their approach to fundraising for a merchant project Vs a project with a long-term PPA or incentivized remuneration?
• Have bankability criteria changed?
• Have key merchant / PPA markets in Europe changed as a result of Covid19?
• From a cost of capital perspective, do you need an institutional investor? What’s their appetite for merchant projects?
• Financial tools to hedge risk
• How much will the merchant tail be worth?