Crayhill Capital Management has unveiled a new financing tool designed to help renewable energy developers meet accelerating project deadlines under federal tax credit rules.

The alternative asset manager announced the launch of its Tax Equity Bridge Lending (TEBL) program, part of its expanded Pre-Construction Financing initiative. The program aims to “help solar, wind, and battery developers accelerate project development schedules to meet stringent new federal tax credit requirements.”

The urgency comes in response to the “One Big Beautiful Bill Act” and subsequent executive orders, which impose tighter construction schedules on renewable energy projects. Under these rules, developers must “begin construction by July 4, 2026, or be placed in service by December 31, 2027, to qualify for federal Investment Tax Credits (ITC) and Production Tax Credits (PTC).”

Adding to the challenge, regulators have shifted expectations away from preliminary activities such as site prep. Instead, projects may now need to show that a “substantial portion” of construction is complete to qualify as having “begun construction.”

Crayhill’s new program directly addresses this financing gap. The TEBL offering is designed to give developers up to $500 million in pre-construction facilities, allowing them to move quickly on major project milestones such as land acquisition, permitting, and equipment procurement.

The integrated solution combines Tax Equity Bridge Loans with Development Capital Facilities to boost upfront capital while requiring less project equity from developers. In practice, this means developers can demonstrate substantial construction activity sooner, reducing risks of missing federal tax credit eligibility deadlines.

Key features of the program include:

• Facilities ranging from $50 million to $500 million for high-quality solar and wind projects.
• Combined TEBL and Development Capital that increases early project proceeds.
• Rapid project eligibility analysis using in-house engineering resources.
• Accelerated procurement support for critical equipment amid ongoing supply chain constraints.

The program “provides pre-construction and construction capital against future tax equity commitments and can simultaneously provide pre-construction development capital, construction equity, and preferred equity step-up capital, allowing developers to begin substantial construction activities immediately and have a clear path to close construction financing and monetize tax credits,” according to Crayhill.

By helping developers secure capital early, the firm believes its solution will play a pivotal role in enabling the industry to keep pace with record-high electricity demand, particularly from AI-driven data center growth and other energy-intensive sectors.

Crayhill has positioned itself as a key financial partner to U.S. clean energy expansion. The SEC-registered investment adviser, founded in 2015, has deployed more than $4 billion across 50+ transactions. Its portfolio spans scalable, opportunistic asset-based investments, with a strong focus on renewable energy infrastructure.

With nearly 20 GW of power generation development experience, Crayhill specializes in financing solutions that enable complex solar, wind, and energy storage projects to advance through critical early stages.

As timelines tighten and competition for tax credits intensifies, programs like TEBL may prove essential for developers racing to deliver the next wave of clean energy capacity.

Originally reported by Omar Faridi in Crowd Fund Insider.