#USA #New York #Renewable Energy #Crayhill Capital #Tax Equity Bridge

Crayhill Capital Management's New Lending Program

In a bold move to support renewable energy developers, Crayhill Capital Management has launched a new Tax Equity Bridge Lending (TEBL) program. This initiative is part of their expanded Pre-Construction Financing strategy and aims to address the pressing capital needs of developers in the solar, wind, and battery sectors.

The renewable energy landscape is currently experiencing rapid shifts, particularly following the passage of the "One Big Beautiful Bill Act." This legislation imposes strict construction deadlines on projects that aspire to qualify for federal Investment Tax Credits (ITC) and Production Tax Credits (PTC). Under the new guidelines, projects must commence construction by July 4, 2026, or be operational by December 31, 2027. This has created significant pressure on developers to accelerate their timelines or risk losing financial incentives critical for project viability.

Crayhill's TEBL program aims to fill the financing gap developers face as they rush to comply with these compressed deadlines while addressing unprecedented energy demand growth. The program offers facilities ranging from $50 million to $500 million for preliminary construction phases of high-quality solar and wind-generation facilities. It combines TEBL with Development Capital Facilities to enhance upfront proceeds while minimizing required equity.

Addressing Urgent Developer Needs

The TEBL program is designed not only to provide necessary capital but also to ensure that developers can quickly adapt to these new requirements. It includes:

• - Rapid eligibility analysis using existing engineering resources, allowing for expedited project assessments.
• - Assistance in equipment procurement, which is critical given current supply chain challenges.

Shweta Kapadia, Managing Director at Crayhill, highlighted the urgency of the situation, stating, "The convergence of mounting regulatory pressure and explosive AI-driven power demand places an unprecedented level of urgency on renewable energy developers." With nearly 20GW of experience in developing new power generation, Crayhill is committed to providing swift and reliable financial solutions to developers during this challenging period.

Comprehensive Support for Developers

Crayhill’s innovative lending solution is structured to facilitate simultaneous access to pre-construction capital, construction equity, and preferred equity step-up capital. This flexibility enables developers to kickstart substantial construction activities without delay and to secure necessary funding streams, thus satisfying regulatory requirements efficiently.

The ability for projects to meet the criteria for a "substantial portion built" is essential in this new regulatory climate. Crayhill’s approach allows developers to demonstrate readiness and significantly reduce the risks associated with delays in project completion.

Furthermore, as the energy landscape shifts rapidly toward high-demand renewables driven by advances in technology and artificial intelligence, Crayhill’s support will play a pivotal role. With a clear path outlined for construction financing and tax credit monetization, developers can focus on delivering innovative renewable energy projects that contribute to national energy goals.

About Crayhill Capital Management

Founded in 2015, Crayhill Capital Management is a distinguished SEC-registered investment adviser specializing in asset-based finance. With a successful track record of deploying over $4 billion across more than 50 transactions, the firm has positioned itself as a leading provider of development and construction financing tailored specifically for renewable energy initiatives across the United States.

As Crayhill moves forward with the TEBL program, it aims to become an indispensable partner for developers seeking comprehensive and efficient financial solutions. For more information about Crayhill Capital's Tax Equity Bridge Lending program, visit Crayhill's website.