Insurance

AES refinances solar portfolio with help of insurance against underperformance
kWh Analytics, a leader in solar risk management, this week announced the first refinancing supported by the Solar Revenue Put. The portfolio of 41 projects, owned by AES, totaling approximately 28 MW DC of capacity is located in Arizona and Massachusetts. The portfolio is being funded by Silicon Valley Bank and a Japanese financial services company. Swiss Re Corporate Solutions, a leading global corporate insurer, is providing capacity for the Solar Revenue Put. [...]
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Introducing Solar Farm Insurance for Cloudy Days
Insurance giants like Swiss Re AG, with the help of a San Francisco firm, now have a way of guaranteeing production from solar farms — not an easy feat considering supplies from these plants rise and fall with the sun. The product that at least one insurance company is now offering is called a solar revenue put.  [...]
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