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BRIDGE Program

Financing solutions for
Merchant Renewable Energy Projects

5-year Bullet Financing from Euribor +3%

EólicoFotovoltaicoBiometanoBaterías

Propuesta de financiación preliminar en 48h | Proceso confidencial

Fondo Europeo de Inversiones

European Investment Fund Backing

In the event that financing is channeled through a Bond issuance, this instrument may be backed by the European Investment Fund (EIF), which would offer a guarantee of up to 80% in case of default, significantly reinforcing investor or bondholder security and confidence.

Bridge Debt Energy Program

Institutional-grade structured financing solution developed by Alter5 in collaboration with leading financial institutions to support utility-scale renewable energy projects.

Flexible 5-year financing

Interest-only payments; principal repaid at the end of the term

Maximize your Project's Value

Sell, refinance, hybridize, or secure a PPA when the market recovers.

Direct loan to the SPV

Contingent guarantee only activable in case of default.

Financing Structure

Bridge financing for utility-scale renewable projects. Senior debt structure tailored to the asset's risk profile.

Interest Rate
+3%Euribor

Reference rate indexed to 3M/6M Euribor with competitive spread. Final pricing subject to credit due diligence and guarantee structure.

Repayment Term
5years

Bullet structure with periodic interest payments. Principal repayment at maturity or refinancing through permanent senior debt.

Prepayment
0%from month 36

Prepayment flexibility with no fee from month 36. 1.5% penalty on prepaid principal during the first 35 months.

Leverage
80%max

Financing up to 80% of project value, subject to sponsor credit quality, financial model robustness, and guarantee structure.

Origination Fee

One-time 2.5% structuring fee on the principal, payable at initial disbursement. No recurring management fees.

Full Cash Sweep

Distribución de excedentes de caja orientada a la optimización del perfil de deuda. Sujeto a covenants financieros (DSCR mínimo 1,20x) y estructura de cascada acordada.

* Terms subject to approval and evaluation of your financial profile.

Guarantees

Standard Project Finance Package

Garantías habituales en financiación de proyectos: prenda sobre activos, cesión de derechos de cobro y contratos.

Contingent Guarantee

Additional guarantee from the owner or third parties activated only in case of default or at maturity.

Depending on the guarantor's creditworthiness, it can be structured as:

Comfort Letter

Private contract between the parties.

No CIRBE consumption

The guarantor maintains their borrowing capacity intact.

Bank Guarantee

Standard corporate guarantee within the traditional financial guarantees framework.

Application Process

End-to-end digital platform | Indicative Term Sheet in 48 hours

Required Documentation:

Project or portfolio information

Installed capacity (MW), generation history (P50/P90), CAPEX/OPEX structure, and active PPA contracts

Identification of the borrowing SPV

Legal name, Tax ID, and capital structure of the entity holding the assets

Audited Financial Statements 2023-2025

Balance sheet, P&L, and cash flow of guarantor entities. IFRS or local GAAP format with explanatory notes

Confidentiality and Information Protection

All information provided remains under strict confidentiality until execution of the definitive Term Sheet, which includes non-disclosure and non-circumvention clauses. For cases requiring information exchange prior to Term Sheet execution, a bilateral Non-Disclosure Agreement (NDA) is available.

Structuring Process

Tras la recepción de documentación completa y validación preliminar por el equipo de Credit Analysis, se emitirá un Term Sheet non-binding indicative will be issued within 48 business hours, detailing proposed debt structure, pricing grid, financial covenants, and conditions precedent.

BRIDGE Program

Request a Financing Proposal

100% online process | Indicative Term Sheet in 48 hours