Finley Refinancing (2023)

Finley Solar farm became fully operational in 2019. Finley Solar Farm serves as an important source of renewable energy for its local region, producing sufficient electricity to power around 60,000 homes.

Following the successful restructuring of Finley’s project finance facilities in 2021, Planum was re-engaged by John Laing to help refinance Finley in 2023. The refinancing involved complexities due to Finley’s existing power purchase agreement (PPA) expiring during the term of the refinancing facilities, exposing the lenders to re-contracting risk with the project potentially becoming fully merchant prior to the next refinancing.

Planum worked with John Laing to explore available options in the PPA and project finance markets, ultimately structuring an innovative solution to address the re-contracting challenges. Planum successfully delivered Finley are financing solution without a need for any additional PPAs or sponsor support.