PF (project financing)
project finance · non-recourse financing
Project financing lends money on the strength of the cash a single project will earn, not on a company's credit.
In project financing a company is usually set up just for the project, and that company borrows. Lenders look at the cash flow the plant will earn by selling power before they lend.
So what matters is how certain the future income is. A fixed-price contract or a long-term PPA makes borrowing easier.