Structured to fit how your business is built.
The right financial model is as important as the right engineering — we co-design both.
CAPEX
Customer owns the asset 100%.
Upfront capital, often part-financed through partner banks at competitive green loan rates.
Highest lifetime IRR (typically 18–24%) and full tariff savings retained.
Profitable businesses with available capital and a long-term site horizon.
OPEX
Fender (or an SPV) owns the plant for the PPA tenure.
Zero upfront; pay only for energy generated under a long-term PPA.
Immediate tariff savings (15–30% vs grid) with no balance-sheet impact.
Customers seeking off-balance-sheet treatment and predictable monthly costs.
PLL
Hybrid structure with eventual transfer of ownership.
Payments structured around plant cashflow.
Financing structured to reduce upfront capital requirements.
Tax-positive enterprises wanting eventual ownership without upfront CAPEX.
Industrial financing partners.
At a glance.
| Attribute | CAPEX | OPEX | PLL |
|---|---|---|---|
| Upfront investment | High | None | Low |
| Balance sheet impact | Asset on books | Off balance sheet | Structured obligation |
| Tariff savings | 100% | 15–30% | 60–80% |
| Maintenance | Customer / AMC | Fender | Fender |
| Long-term ownership | Customer | Transferable | Customer |