Hi i'm not sure if anyone will be able to help me with this but i'm looking into a recent transaction W&C worked on and on their website it states that "the Al Dhafra project will be financed by a non-recourse bridge facility, with the intention that such bridge facility will be repaid by a long-term capital markets project bond issue. The bridge-to-bond template developed for Al Dhafra project represents the creation of a new green asset-class template designed to attract high quality investors to help finance Abu Dhabi's ambitious renewables growth plans. In addition, this benchmark template for capital markets financing will drive down the cost of debt and reduce transaction timelines and uncertainties for future solar PV projects."
my question is could someone explain why the benchmark template helps drives down the cost of debt for future solar projects?
my question is could someone explain why the benchmark template helps drives down the cost of debt for future solar projects?