Market Development
FDN Assessment of Capital Market Instruments to Finance Renewable Energy
Feasibility study for establishing a capital markets funding platform for renewable energy asset-backed securitization in Colombia.
In 2017, GreenMax was selected by the World Bank to support Colombia’s National Development Finance Agency (FDN) with establishment of a funding platform through capital markets for the development of renewable energy in the country. The GreenMax team undertook a detailed feasibility study to assess the viability of securitizing the underlying cash flows or PPAs of a portfolio of renewable energy projects in order to demonstrate under what conditions and with what features, safeguards and supporting instruments, the renewable energy asset-backed securitization transaction would succeed in both the international and Colombian financial market.