Enquiry Form

Please fill in details below
Case Study

Wind Farm

The client was a consortium of energy professionals that were looking to fund a mid-scale off-shore Wind Farm. The consortium were very strong in market and industry research and who to develop and construct the wind farm, yet were unfamiliar with the funding process, financial models or documentation a FI and other funders would require.

As the project was a greenfield project, with working capital only, many lenders or private equity companies were engaged directly by the consortium, but little progress was undertaken on the financial side.

Turbines Required
In financing Required
Gallantree Windfarm

We've been working with Gallantree for the last 4 months and they have been great supporting our business needs.

Deal Structure

A typical, simple project finance structure is preferred to enable efficiencies.
A considerable amount of work is carried out before the loans are agreed, to check that the project is well planned and that it can actually make the necessary repayments over the course of the facility.

Gallantree WindFarm Model

Typical Deal Parameters

Generally one single FI will not take 100% of the debt, therefore Senior and Junior lenders are required. Usually the Senior lender will take the lions share of the debt, but with a competitive rate.
A financial model built over 10 years, underwritten against future asset values and revenue generation was required to calculate the borrowing capacity of the SPV.

The structuring of the loans are broken down into three key phases, securing the site, purchase / installation of the turbines and equipment, and operational phase.

After completion of the Wind Farm, the stakeholders planned to sell all project rights to a Special Business Unit or SBU.


Nothing in this analysis is to be taken as specific financial advice. All pictures or images herein are for illustrative purposes only and in support of subject analysis and research. An effort has been taken to ensure accuracy, use of the information contained herein is at ones own risk. To the fullest extent permitted by Australian law, Gallantree disclaims all liability for any losses, costs or damages sustained or incurred as a result of the use or reliance upon this information contained herein, including, without limitation, liability stemming from reliance which may contain inadvertent errors or omissions. Any opinions expressed in this document are subject to change without notice.