Does the project need a signed offtake agreement?

Not necessarily, but without one the revenue has to be proven another way. A long-term contract gives predictable cash flow and better financing terms; its absence means we assess the market the project intends to sell into.

How long does it take to structure this kind of transaction?

Longer than with one borrower and one bank, because the pace is set by the slowest party. We present the schedule and the critical dependencies after reviewing the project.

Do you work on projects involving a public entity?

Yes. We assume from the outset that part of the documentation is non-negotiable and that the timetable is set by procedure, not by us.

Financing

Capital for the long term,not just construction.

Infrastructure financing must work during construction and throughout the asset’s operating life. We structure it around both stages, their cash flows and their risks.

Aerial view of a road interchange surrounded by greenery

What we look at

Cash flow source

We assess revenue from offtake agreements, tariffs, availability payments or services, and how it can support debt service.

Construction risk

We look at the contractor, the contract, the budget and who pays for delay. Construction risk has a price, and you see it in the financing terms.

Operating life

We examine the operating plan, maintenance costs and the party responsible for running the asset after completion.

Special-purpose vehicle

A special-purpose vehicle helps ring-fence the project, define investor participation and organise security. Its structure is tailored to the transaction.

Construction and operation call for different capital

During construction, cost overruns, delays and completion risk dominate. Once operational, revenue and maintenance costs become central. We therefore assess potential refinancing options and conditions when the initial financing is structured.

We incorporate those assumptions into the timetable, contracts and security from the outset, giving each financing stage an agreed basis.

Questions to start with

Does the project need a signed offtake agreement?: Not necessarily, but without one the revenue has to be proven another way. A long-term contract gives predictable cash flow and better financing terms; its absence means we assess the market the project intends to sell into.
How long does it take to structure this kind of transaction?: Longer than with one borrower and one bank, because the pace is set by the slowest party. We present the schedule and the critical dependencies after reviewing the project.
Do you work on projects involving a public entity?: Yes. We assume from the outset that part of the documentation is non-negotiable and that the timetable is set by procedure, not by us.

Tell us about your infrastructure project

Let’s talk about the specifics.

Tell us your objective, project size and key deadline. We’ll explain whether and how we may be able to help.

Get in touch

Wolf VenturesMonday to Friday, 9:00 am to 5:00 pm[email protected]

Registered officeul. Tadeusza Saloniego 1/1
40-712 Katowice