Greenfield Project Finance.
Financing a greenfield project requires debt structured against the project's own future cash flows and construction risk, not just the sponsor's balance sheet — sized to the project's specific economics and timeline.
Project Cost Funding · Construction-Linked Disbursement · Long-Tenor Debt
Where This Applies
- A new project is being built from the ground up with no existing operating cash flows to underwrite against.
- Lenders need comfort on construction risk and the project's ability to reach commercial operations on schedule.
- Moratorium and disbursement need to be structured against construction milestones, not a fixed schedule.
- Promoter contribution and project cost need to be sized correctly before approaching lenders.
How We Approach It
A greenfield project has no operating history to underwrite against, so we lean on construction-cost benchmarking, promoter track record and a conservative moratorium — then take the proposal to lenders genuinely comfortable with pure construction-and-ramp-up risk.
Why EquiFin
- Independent advisory — we structure and negotiate, we do not lend ourselves.
- 60+ active lender relationships across PSU banks, private banks, NBFCs and private credit funds.
- One point of contact from structuring through to disbursement.
Frequently Asked Questions
What is greenfield project finance?
Greenfield Project Finance is long-term debt structured against the cost, construction timeline and projected cash flows of a greenfield project, rather than the sponsor's existing balance sheet alone.
How is greenfield project finance different from brownfield?
Greenfield finance underwrites a project with no existing operating history, relying on projected cash flows and construction milestones, while brownfield finance can draw on the existing operation's track record.
See what documents lenders typically ask for — Documents Required for a Corporate Loan →
60+ Active Lender Relationships · Independent Advisory, Not a Lender
Greenfield Projects Projects Need Debt Structured Around Their Own Economics.
We size the debt against project cash flows, not just sponsor strength.
Discuss Greenfield Project Finance