We cover the offtaker default risk.
Specifically, the EneRate Credit Cover™ policy is a named peril policy with one trigger only. The policy is triggered when an offtaker defaults on their contracted payment obligations due to financial insolvency (this varies for a community solar project).
We have a fairly broad definition of "insolvency," which is akin to "financial distress." We are covering true credit/financial default but not voluntary or non-financial reasons for default.
To learn more about what projects qualify for EneRate Credit Cover™ you can read this article
Or review our Qualification guide here.