EPC + Finance
Most contractors build what you have already funded. We structure the funding and the construction as one package, which is usually the harder half of the problem.
- Model
- Develop · Finance · Supply · Build
- Partners
- DFIs, family offices, IFIs
- Shariah
- Compliant structures available
- Typical scale
- 5 MW and above
The problem EPC+F solves
A government, utility or industrial group identifies a project that makes economic sense. The engineering is not the obstacle. The obstacle is a capital structure: who funds construction, who carries the risk during it, who owns the asset afterwards and how the offtake is secured.
A contractor who can only build waits for someone else to solve that. A contractor who can structure it removes the reason the project is stalled.
What we actually do
| Stage | Our role |
|---|---|
| Origination | Site identification, resource assessment, preliminary yield and cost modelling |
| Feasibility | Bankable technical and financial feasibility to a standard lenders will accept |
| Structuring | EPC+F package with international partners, DFIs, multilateral banks and family offices |
| Permitting | Grid studies, licensing, environmental approvals, PPA negotiation support |
| Construction | Full EPC delivery against the structure we helped create |
| Operation | Long-term O&M with performance guarantees the financing relies on |
Shariah-compliant structures
Conventional project finance is interest-bearing and unusable for a substantial share of capital in our core markets. We structure Islamic-finance-compatible arrangements — istisna'a for construction, ijara for the operating asset, murabaha for equipment supply — with partners who can execute them properly. This is not a marketing line for us; it reflects how a meaningful part of Gulf and Islamic-market capital actually deploys.
Where EPC+F matters most. In Africa, most renewable projects of scale are DFI or donor funded, and the binding constraint is structuring rather than engineering. The same is true across parts of Central Asia and the Caribbean. If you are working in those markets and your contractor cannot engage with the financing conversation, you are carrying the harder half alone.
Who we structure with
- Development finance institutions and multilateral banks
- Export credit agencies supporting equipment supply
- Sovereign and family capital from the Gulf region
- International EPC alliances for very large projects
- Our group's Swiss entity, CEG Group AG in Zug, for European-facing structures
Being honest about scale
EPC+F is not appropriate for a villa rooftop, and structuring costs would swamp a small project. It becomes worth doing at roughly 5 MW and above, or where a smaller project sits inside a programme large enough to justify the arrangement.
Frequently asked questions
What does EPC+F mean?
Engineering, procurement and construction delivered together with project financing, so that the capital structure and the build are arranged as a single package rather than sequentially by separate parties.
Who do you arrange financing with?
Development finance institutions, multilateral banks, export credit agencies, sovereign and family capital, and international EPC alliances for very large projects.
Do you offer Shariah-compliant financing?
Yes. We structure Islamic-finance-compatible arrangements including istisna'a for construction, ijara for the operating asset and murabaha for equipment supply, with partners able to execute them.
What project size suits EPC+F?
Generally 5 MW and above, or a smaller project sitting inside a larger programme. Below that, structuring costs outweigh the benefit and a straightforward EPC contract is better.
Do you take equity in projects?
It depends on the structure and the market. We are primarily a contractor and developer rather than a long-term asset owner, but participation is possible where it supports the financing.
Start a project
Have a project that needs structuring?
Tell us the capacity, the country and the offtake situation, and we will come back with a view on how it could be financed and built.
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