Project management sits at the heart of every successful financing. At Elgar Middleton, it is a core capability that sets us apart and drives smoother processes and better outcomes for our clients

In the project finance industry, headlines typically focus on who provided the debt, the structure of the deal, or the scale of the assets involved. What often goes unnoticed, however, is the orchestration that sits behind every successful close.

Complex financings require the input of multiple advisors – legal, technical, insurance, tax, and market consultants – each with their own specialist language, priorities, and deliverables. Without strong project management, these parallel workstreams risk misalignment, delays, or even jeopardising bankability.

At EM, we believe project management is not a side task – it is a core capability. It is one of the ways we distinguish ourselves as a financial advisor, ensuring that complex transactions run smoothly, efficiently, and with fewer surprises.

Our approach brings structure and momentum to every financing process, giving clients confidence that all moving parts are being managed in a coordinated and proactive way.

Turning Complexity into Coordination

EM typically runs the Request For Proposal (RFP) processes for all key advisors on a debt raise, supporting the client in selecting them; as we know the expected scope of lenders will expect we can streamline the due diligence and also ensure there is no overlap between advisors – the most material of which is any duplication of work between the borrower’s lawyers and the lenders’ lawyers – which can result in a substantial cost saving in addition to efficiency. EM also manages the entire execution process through to financial close; this means coordinating weekly calls across all stakeholders, ensuring high quality deliverables are produced on time, and bridging the inevitable gaps between disciplines. EM often kick-start workstreams long before a borrower or its other advisors would necessarily commence them, (for instance direct agreements or title searches) which otherwise can be left to the last minute.

We actively engage with each workstream, and our team is fluent in the language of each discipline. This “translation” role is often the difference between issues being resolved in real time or becoming bottlenecks late in the process.

For example, when the lender’s legal advisor requires confirmation on battery warranties, we ensure the lender’s technical advisor provides clear, bankable input. If market consultants update their revenue forecasts, we work with the technical advisor to confirm that assumptions are accurately reflected in the technical model. And when insurance advisors flag gaps in cover, we make sure these are addressed in the contract suite before they create a financing risk.

Tangible Benefits for Clients

For our clients, this hands-on project management translates directly into better outcomes. By identifying and resolving issues early, we reduce execution risk and prevent costly surprises. With all workstreams aligned and momentum maintained, transactions move more quickly to close, saving valuable time and management focus. At the same time, cohesive and comprehensive deliverables give lenders greater confidence.

In short, EM allows sponsors to concentrate on growing their business and developing projects, while we drive the financing to completion.

Most financial advisors provide good NPV analysis of the term sheets submitted as part of a financing process but EM goes much further. EM has a bespoke term sheet for each renewables sub-sector and these are well understood by all active lenders in the UK market. Detailed term sheet negotiations not only make commercial sense but increase efficiency; this approach gives us existing precedents with most competitive UK lenders and therefore fast tracks the facility agreement negotiations – again, saving time and fees.

A Unique Approach in the UK Market

This level of embedded project management requires not only transaction expertise, but also a deep technical understanding and a willingness to take ownership of the detail. For EM, it is part of our DNA.

We see our role not just as financial advisors, but as the glue that binds every workstream together – giving sponsors and lenders the confidence that their transaction is being advanced on all fronts.

If you are planning a financing or considering a sale in the renewables sector and want an advisor who will not only secure capital but also manage the complexity of the process, we would be delighted to speak with you.