Solar
Utility-scale and commercial solar parks in operation.
Power purchase agreementsFinancing rails for the clean energy transition
Programmatic credit, built to deploy at institutional scale. We finance operating solar, wind and storage assets, secured by contracted cashflows.
Credit for energy that’s already running
Banks fund the senior layer of an operating asset. The capital above it is harder to find. That’s the layer we provide: junior, mezzanine and holdco debt, sized to contracted cashflows.
Operating assets only
Past COD and producing power. No construction or development risk.
Contracted revenue
Power purchase agreements and long-term offtake with defined counterparties.
Structured security
Share pledges, cashflow assignment, step-in rights and covenants.
Mid-market focus
Independent producers and platforms below the ticket sizes of the large infrastructure funds.
In operationContracted revenue
Where we sit in the capital stack
Sponsor equity
Particles Credit
Holdco debt
Mezzanine
Junior debt
Senior bank debt
How capital reaches the assets
One rail connects institutional capital to operating clean energy, and carries contracted cashflows back.
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Step 1
Allocators
Institutional capital commits through our debt channel.
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Step 2
Particles Credit
We originate, underwrite and structure every facility in-house.
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Step 3
Asset owners
Operators draw junior, mezzanine or holdco debt against their portfolios.
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Step 4
Offtakers
Buyers pay for power under contract. That revenue services the debt.
Capital
Power
Contracted cashflows
What we finance
Operating solar, wind and storage, each backed by contracted revenue.
Wind
Operating wind farms with contracted offtake.
Long-term offtakeStorage
Grid-scale batteries earning contracted revenue.
Tolling and capacity contractsStarting in Europe, built to scale
We lend across Europe and the UK today, and are taking the same underwriting gates to the Americas, the Middle East and North Africa, and Asia-Pacific.
Europe and UK Now
Americas Next
MENA Next
Asia-Pacific Next
Now
Europe and the UK
Operating solar, wind and storage with contracted revenue.
Next
New regions, same gates
AmericasMiddle East and North AfricaAsia-Pacific
Originating in another region? Talk to us
Work with us
Originators and sponsors
Bring us an operating portfolio that needs junior, mezzanine or holdco capital. We size each facility to contracted cashflows and structure it in-house.
Submit an opportunityAllocators
Access credit secured by contracted cashflows from operating clean energy assets. Allocator access is by invitation.
Request allocator accessSenior credit professional? We are building the credit team.
Get in touchRequest access
Tell us who you are and what you are looking for. We reply from contact@particles.credit.
Prefer email?
contact@particles.credit
Request sent
We will reply from contact@particles.credit.