As renewable projects initiated during the last development cycle reach construction under materially different capital conditions, a clear gap is emerging between the volume of projects ready to build and the financing capacity available to support them, creating a significant opportunity for capital providers able to respond. As tighter capital conditions and more conservative lenders threaten to stall otherwise viable renewable projects at construction, this panel will reveal how developers and financiers can restructure risk, procurement and construction financing to unlock capacity, restore funding flexibility and ensure the next wave of solar and wind projects reaches completion. 

• Capital Availability: How have higher rates and thinner margins changed what developers can carry between FID and COD, and is construction funding becoming the point at which balance sheet strength determines who builds and who doesn’t? To what extent are viable projects stalling at construction due to constraints in financing capacity, structuring, or timelines relative to delivery? 

• Lender Requirements: What must be in place for construction debt to clear today in terms of EPC, supplier strength, contingencies and sponsor support, and how have construction underwriting assumptions shifted in response to higher rates, thinner margins and supplier balance sheet pressure? Where are developers and lenders using different assumptions on downside, timing or risk transfer in ways that delay or derail FID? 

• Financing Structures: Is the market constrained by the lack of short tenor construction capital that can fund build risk without forcing full takeout structuring at FID, and what would need to change for this to become a scalable, repeatable product in European renewables? Who is stepping in to provide construction capital today, and what structures or risk profiles are enabling banks, debt funds, infrastructure investors or new entrants to deploy at scale? 

• Scaling Deployment: What practical steps can developers take to align procurement, risk allocation and capital structure with what lenders now require? What structural change would most materially increase the number of projects reaching COD in the next cycle?