CLIENT
A Miami-based general contractor in the renewable energy industry was awarded a $55 million Engineering, Procurement and Construction (EPC) contract to deliver a large utility-scale solar energy project.
CHALLENGE
Turnkey Execution Created a Working Capital Gap
The project involved a fully-operational, grid-connected energy facility, including engineering, procurement, construction, testing, and commissioning. The Company carried turnkey responsibility for execution and self-performed a meaningful portion of the work, while also managing significant upfront material procurement for subcontractors, including high-cost solar panels.
While the project represented a significant growth opportunity, the contract created a substantial working capital gap between pay cycles, especially on some of the longer lead-time materials.
SOLUTION
A $1.6 Million Revolving Line of Credit
Mobilization Funding partnered with the Company to structure a $1.6MM revolving line of credit designed to support the mid-month capital gaps.
Through our detailed cash-flow modeling practice, we determined the:
- Appropriate size of the facility
- Timing of advances
- Funding cadence based on project needs
The structure supported critical material payments and direct labor throughout the project.
RESULTS
On-Time Delivery and Room to Scale
✓ Mobilized quickly on a $55M utility-scale solar project
✓ Maintained momentum throughout the project for on-time delivery
✓ Supported critical material payments and direct labor
✓ Bridged mid-month working capital gaps on long lead-time materials
✓ Positioned the Company to confidently pursue and accept an even larger solar project opportunity
Growth in Renewable Energy Requires the Right Capital Partner
By aligning capital with the realities of the project’s pay cycle, Mobilization Funding helped this solar EPC contractor mobilize quickly, sustain momentum, and confidently pursue the next stage of growth.
