QualityStocksNewsBreaks – Market Street Capital Inc. Addresses ‘Bankability Gap’ Facing FOAK Energy Projects
Market Street Capital was featured in a recent article that discussed its positioning amid challenges facing first-of-a-kind (“FOAK”) energy projects, which often struggle to secure conventional project financing because they lack a commercial operating track record and carry greater technology, construction and performance risks. The piece explains how sponsors can bridge this “bankability gap” through layered capital structures combining senior debt, mezzanine financing, tax equity, offtake-backed financing, sponsor equity and government support, with careful coordination of covenants, waterfalls and intercreditor agreements. It identifies creditworthy offtake counterparties, independent technical due diligence, completion and performance guarantees, diversified risk allocation and government participation as…
