Securing Pre NTP Development Capital for Solar Projects
Renewable energy production has skyrocketed in recent years as countries worldwide try to meet their commitments under the Paris Agreement by limiting carbon emissions.
The increased availability and lower cost of renewable resources are largely due to greater awareness about just how dangerous climate change can be—coupled with an increasing cost gap between electricity generated from fossil fuels versus those coming out clean. Though there are still some significant challenges facing both.
There are options for financing renewable energy production, specifically solar, for those who would like a greener energy profile. Extensia Financial can help you finance your solar energy projects.
“The world is changing, and so are the ways that we generate power today”
Solar Development Capital
Planning and financing a solar project can seem arduous, but it doesn’t have to be. Getting started with a commercial solar project endeavor requires commitment and dedication over time.
Today, getting a solar project off the ground is a multi-stage process with each phase requiring different types of financing to fund them. Types of renewable energy finance loans include; construction financing, equipment financing, pre-development capital and standard development capital.
Financing Right From The Start
Many of those initial costs can be funded with solar development capital. The earlier stages are often referred to as Pre-NTP, where NTP is a “notice to proceed”. When a contractor receives a notice to proceed, they have full control over how to move forward with the project. Everything is in place and ready for work to begin. Finding timely affordable Pre-NTP capital can be a challenge.
Securing Pre-NTP Solar Financing
We know that the energy market is incredibly unpredictable, but we also believe in the long-term potential of renewables. That’s why we offer financing options for solar projects—so you can get started now and be ready for whatever the future holds.
With financing options from Extensia, you can get your solar project off the ground without putting a massive dent in your project budget.
With over 20 years of experience, Extensia along side AVANA Capital are focused on funding renewable energy projects.
Our renewable energy lending experts think outside of the box to deliver customized financing solutions for complex clean energy projects.
Extensia Financial can offer both the Pre-NTP and construction capital for renewable energy projects.
Our lending experts have a wealth of experience in the renewable energy sector and can guide you through each stage of the process, from securing a land lease to constructing the solar farm itself. Contact us to learn how we can make your green energy dreams a reality or apply for a loan today.
Our loans range in size from $1M to $30M and generally have terms of five to ten years with amortization of up to 30 years.