EneRate Credit Cover™ is focused on the real problem of obtaining capital for low-rated or unrated solar projects: offtaker credit risk. Our policy is designed to efficiently satisfy lender and tax equity underwriting requirements while keeping policy premium costs low.
Our policy insures the project ownership entity (leasing company or SPV), allowing claim payments to align with the project’s financial waterfall. This structure enables maximum flexibility in transferring a project to new owners with no disruption to the policy coverage.
EneRate Credit Cover™ works for new energy projects, re-financing, back leverage, roll-ups and even securitizations.
For projects without debt we can cover up to 80% of the PPA payments.