For our XXX project, we considered multiple potential deal partners and chose Dispatch Energy because of their reputation for certainty and ease of transaction. Throughout the process, Dispatch displayed commitment, creativity and real know-how to resolve sticking points efficiently and effectively. The team’s eye for detail and understanding of what it takes to successfully develop projects make Dispatch an ideal partner, and we certainly plan to re-engage them for future projects.
- name of type of company (anonymous quote)
Structure Overview
BASIC TERMS
Closed-end, irrevocable, standby Letter of Credit on behalf of the developer to satisfy security requirements.
Dispatch receives an option for acquisition at an agreed price, exercisable in the Notice to Proceed phase (if development milestones are met).
Developer retains control of the project and continues to lead development activities.
If milestones are not met and credit support ends, the developer retains the right to continue developing or seek alternative buyers.
KEY DEVELOPER BENEFITS
Maintain Control
Secure a Future Buyer
Maintain Flexibility
Preserve Working Capital
With over $1B invested across 800+ projects since 2009, our team has a market-leading track record of adapting to policy developments and deploying assets in underserved segments. These abilities have created lasting relationships with clients who depend on us as a partner who can deliver in novel and shifting markets.
Bridge Credit
Retain Control and Clear the Avenue to Acquisition with Dispatch’s Bridge Credit Service
Dispatch Energy offers a flexible and developer-aligned solution for early-stage distributed energy projects facing credit posting requirements. Our Letter of Credit (“LC”) Bridge + Purchase Option structure allows qualified developers to continue advancing projects toward Notice to Proceed (“NTP”), while minimizing capital diversion and maintaining control through the asset’s sale.
Dispatch recently launched an administratively light structure with a third-party developer that satisfies offtaker requirements without tying up limited balance sheet resources and clearing way for a milestone-based, pathway to acquisition.