Refinancing & recycling

We advise asset owners on post-COD refinancing, bond take-outs and capital recycling strategies once construction risk has fallen and operating performance is demonstrated. For Indian renewable and transmission assets, we assess how generation history, curtailment trends, payment track record, PPA profile, open-access exposure, regulatory developments and portfolio diversification affect refinancing appetite and achievable leverage.

Our work helps sponsors identify when and how to replace expensive construction debt, extend tenor, improve DSCR headroom or monetise mature assets to fund the next growth cycle. The result is a sharper balance sheet, lower weighted cost of capital and faster redeployment of equity into new projects, acquisitions, storage capacity or digital and grid-transition opportunities.