ATLAS SANCTUM
Capital

Finance this future

Capital is infrastructure too. Change the blend and watch feasibility, cost and patience move.

Capital requirement

Distributed Solar + Storage Network

Nairobi Metropolitan Region

Total capex
$310M
Estimated · medium confidence
Blended cost
7.73%
Modeled · medium confidence
Annual service
$24M
Modeled · medium confidence
Feasibility
85/100
Modeled · low confidence
20%
25%
35%
10%
5%
5%
Government 20%Development Finance 25%Private Infrastructure Funds 35%Climate Finance 10%Philanthropic 5%Community Capital 5%
Patience69
Risk appetite56
Feasibility85
Modeled · confidence Medium · provenance

Atlas capital model — weighted cost, patience and risk appetite per source class. Indicative only; not investment advice.. Atlas does not present modelled output as observed fact. Where confidence is low, treat the value as a hypothesis to be tested, not a measurement.

Financing architecture
Government4.5%

Enables land, permitting and counter-guarantees.

Development Finance6%

Long tenor, catalytic, slow to close.

Private Infrastructure Funds13.5%

Needs contracted, creditworthy revenue.

Climate Finance3%

Requires measurable mitigation or adaptation.

Philanthropic0.5%

Best used as first-loss and design capital.

Institutional Investors9.5%

Enters after operational track record.

Community Capital5.5%

Builds social licence and local ownership.

Outcome-Based Finance7.5%

Pays on verified impact, needs strong MRV.

Data provenance · capital metrics6 metrics traced

Observed = direct measurement. Reported = published by the named source. Estimated = Atlas estimate from partial public data. Modeled = model output, not a measurement.

Total capex · Estimated · medium confidence

Capital requirement of the selected opportunity.

Method. Atlas opportunity sizing from comparable projects and unit-cost benchmarks.

Inputs. opportunity scope · unit cost benchmarks

Blended cost of capital · Modeled · medium confidence

Weighted average cost of the capital stack, % per year.

Method. Σ(share × source cost of capital) over the stack, normalised to the stack total.

Inputs. stack shares · per-source cost of capital

Caveat. Indicative only; not investment advice. Currency and country risk are not priced.

Annual capital service · Modeled · medium confidence

Annual cost of servicing the stack.

Method. capex × blended cost of capital.

Inputs. capex · blended cost

  • Atlas Sanctum — Atlas capital model — weighted cost, patience, risk appetite (2025)
Feasibility · Modeled · low confidence

Likelihood the stack can actually close, 0–100.

Method. 38 + (12 − blended cost) × 4.2 + patience and risk-appetite terms, penalised where the stack does not total 100%.

Inputs. blended cost · patience · risk appetite · stack total

Caveat. Ignores sponsor track record, regulatory approval and offtake credit quality.

  • Atlas Sanctum — Atlas capital model — weighted cost, patience, risk appetite (2025)
Patience · Modeled · low confidence

Tolerance of the stack for long payback horizons, 0–100.

Method. Share-weighted mean of per-source patience scores.

Inputs. stack shares · per-source patience

  • Atlas Sanctum — Atlas capital model — weighted cost, patience, risk appetite (2025)
Risk appetite · Modeled · low confidence

Tolerance of the stack for construction and offtake risk, 0–100.

Method. Share-weighted mean of per-source risk appetite scores.

Inputs. stack shares · per-source risk appetite

  • Atlas Sanctum — Atlas capital model — weighted cost, patience, risk appetite (2025)