From concept to financial close.

A bioenergy project is a decade of decisions compressed into a model and a consent. Redrock runs the full development lifecycle to a final investment decision, and builds the project finance model that carries it there. We develop and finance projects, not just report on them.

The lifecycle

A staged path to FID.

We run development as a gated lifecycle, so capital is committed against evidence, not optimism, and each stage clears before the next begins.

Stage 1

Origination & concept

Site, feedstock and offtake thesis. A class-5 concept and an early view on whether the numbers can ever work.

Stage 2

Feasibility

Technical, commercial and regulatory feasibility, with a first integrated model and the fatal-flaw checks done early.

Stage 3

Pre-development

Land, grid and feedstock secured under option or heads of terms, consent strategy fixed, model firmed to class 4.

Stage 4

Consent & FEED

Planning and environmental approvals in flight, front-end engineering, and a lender-grade model built in parallel.

Stage 5

Financial close (FID)

Debt and equity documented, conditions precedent cleared, the investment decision taken against a funders’ model.

Stage 6

Delivery & operation

Construction, commissioning and handover into operation, with the model kept live as the asset’s financial spine.

The model

Project finance, built to be underwritten.

The financial model is the single source of truth from feasibility to close. Ours are built to the standard a lender's model audit and an investment committee will apply.

Returns

Discounted cash flow with project, unlevered and equity IRR, NPV against a defined WACC and hurdle, and levelised cost of energy or methane.

Debt

Debt sizing and sculpting to a target DSCR and LLCR, tenor and grace, gearing, and mini-perm or long-tenor structures.

Cash flow

A full cash waterfall: reserve accounts (DSRA, MRA), distribution lock-up, cash sweep and the order in which every dollar moves.

Revenue stack

Contracted and merchant revenue across gas, certificates, gate fees and carbon, with a defensible contracted-versus-merchant split.

Risk

Sensitivity and scenario analysis, tornado charts, base, downside and lender cases, and stress tests a credit committee will run anyway.

Investor materials

Term sheets, information memoranda financials, and investment-committee papers that survive third-party model audit.

DCF / NPV / IRR DSCR & LLCR Debt sculpting Cash waterfall LCOE / LCOM Sensitivity & scenario IM financials Investment committee papers

Why it matters

Bankability is designed in, not hoped for.

A project reaches financial close when its risks are allocated to the parties best able to carry them and the residual case still clears the lender's cover ratios. That is a design problem, worked from the first feasibility model, not a document assembled at the end.

Because the same team runs the engineering, the consent and the feedstock, the model reflects the real project rather than a set of placeholder assumptions. That is what makes the numbers defensible when they are tested.

Taking a project toward FID?

Whether you need a model built, a case stress-tested, or a project run to financial close, let's talk.

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