Project Finance

FPUSA is relying on Stella Energy Solutions for access to a 2 GWh utility-scale storage project pipeline. Analysts flag the arrangement as a major financial risk, citing capital intensity, tax credit uncertainty, and offtake exposure.

Holosolis is building a photovoltaic gigafactory with capital costs exceeding €220 million, but the final figure remains uncertain. Solar manufacturing facilities consistently overshoot initial budgets, raising the risk that funding rounds could fail or stall construction mid-project.