Transform potentially risky renewable energy projects into investment grade with solar offtaker insurance.
Solar Offtaker Insurance protects solar developers and project financiers (lenders, investors or tax equity) against the risk of payment default by offtakers with below investment-grade credit or bad credit history.
Coverage is ideal for commercial solar project developers who want to close more deals.
Works with municipalities, non-profits, businesses, religious organizations, churches, etc.
Projects or portfolios should be larger than $1,000,000 of value and can easily scale to larger community solar, C&I, MUSH, rooftop, ground mount and solar carport projects >$50,000,000.
Quote estimates can be turned around quickly and policies may be written at terms of up to 10 years.
Schedule an appointment today and transfer risk away from the lender or tax equity investor, to an insurance company with an AA- rating by Standard & Poor’s 1 and Aa3 by Moody’s.
Transform unrated offtakers, or sub-investment grade (i.e. B-rated, C, CC or CCC rated) credit projects into AA- to Aa3 rated projects with insurance. Long-term coverage is available and designed to improve project economics. Many benefits.
Eliminate project financing hurdles and close solar project deals more quickly. Increase your project value. Reduce your cost of capital. Provide comfort to solar tax equity investors and/or lenders by guaranteeing income streams.
Solar offtaker insurance does not protect against solar project performance shortfalls or physical damage. For those insurance coverages read about solar production insurance and solar property insurance, respectively.
Schedule an appointment today, send me an email or give me a call directly at 203-200-0445.