“Kaizen Consulting has provided us with financial expertise and helped us secure the liquidity we needed,” says Ricardo Romaguera, CEO of Inderen and Solar Energy Transition (Tranesol). In this interview, Romaguera outlines how Kaizen Consulting’s financial advisory services have assisted his company in navigating the challenges posed by the pandemic on solar photovoltaic projects.
– How did the pandemic impact your financial needs?
– At Tranesol, we develop solar photovoltaic projects, and the pandemic changed everything. There was a regulatory halt and bureaucratic processes slowed down: this caused most of the projects we planned to sell and execute in 2020 to be postponed to this year. Financial needs arose, and we decided to build up our treasury to manage this widespread delay and also to be prepared for future contingencies.
– How did Kaizen Consulting assist you during this process?
– Based on our experience with traditional banking, vacation periods significantly delay the responses from institutions. We feared this slow process in obtaining credit, but with Kaizen Consulting’s help, there was no slowdown during the Christmas period: we received a positive and swift response. As entrepreneurs, it is challenging to empathize with what banks require because we are so invested in our project that it is uncomfortable when someone doubts it. That’s why proper financial advice helps present the project to banks in the right way, expediting the process.
– What would you highlight about Kaizen Consulting’s advisory services?
– They are specialists, quick, and effective. For our company, they have been a significant financial support. When you have a need, you want to solve it to keep your project moving forward, which is the primary goal.
– Have you explored other financing options?
– We haven’t needed to, as we have met our needs through traditional banking. However, Kaizen Consulting has introduced us to alternative financing options that we had not previously considered. There are interesting options, and it is very positive to expand our range of options to cover our treasury. Our priority is always to advance projects with full assurance.
