Bankability guarantees success - COLEXON and goetzpartners present a report on photovoltaic project financing

Energy/Utilities goetzpartners general

Since the financial crisis of 2008/2009, bankability has become a key factor worldwide in financing photovoltaic projects. To enable German companies to clearly distinguish themselves from their international competitors, market players are compelled to be even more stringent in applying the financial criteria for PV projects and actively manage the issue of bankability. Not only must the criteria be met, they must also where necessary be redefined. These are the findings of a current study by COLEXON Energy AG and consultants goetzpartners.

To identify the criteria on which investors base their investment decisions and the importance attached to bankability, COLEXON Energy AG and goetzpartners have carried out a study entitled “Bankability as a guarantee of successful PV project financing in Germany” in cooperation with the Institute for Economy and the Environment (IWÖ-HSG) at the University of St. Gallen, the Centre for Sustainability Management (CSM) at Leuphana University Lüneburg and the Nordic International Management Institute (NIMI) in China. The authors questioned prominent representatives of all the relevant groups likely to participate in PV projects: Banks, investors, project developers, service providers and module manufacturers.