ONE-STOP-SHOP FOR CREDIT RISK MITIGATION
Energetic Insurance® addresses the real problem with clean energy and efficiency financing:
counterparty credit risk.
The EneRate Credit Cover® insurance policy can satisfy lender and tax equity underwriting requirements, often with a neutral or positive impact on project economics.
Our products allow more organizations to access and procure clean energy and efficiency solutions.
Our process is faster and more scalable than any existing financing options.
APPLICABLE TO PROJECTS
IN THE US & EUROPE:
SOLAR & RENEWABLE ENERGY GENERATION
Commercial & industrial (C&I) rooftop or groundmount
Community solar – residential and C&I
Warehouses, data centers, cold storage
Retail and small-medium businesses
Multi-family and low-income housing (LMI)
Entertainment & hotels
Municipal and state governments, universities and colleges, K-12 schools, and hospitals (MUSH market)
Other non-farm commercial properties
Power Purchase Agreements (PPAs)
Energy Service Agreements (ESAs)
Virtual PPAs (VPPAs) & hedging agreements
New builds & refinancings of operating assets
On site, offsite, project portfolios, & tranched portfolios
Warehouse financing facilities
FINANCIAL ADHERENCE & COMPLIANCE
Regulation Q/Basel III compliant
Current Expected Credit Losses (CECL) adherent
OTHER DISTRIBUTED ENERGY RESOURCES (DERs)
Storage, microgrids, building electrification, wind
Carports & electric vehicle (EV) charging
DEPLOY MORE CAPITAL
MEET ESG GOALS
DO MORE PROJECTS
ENERATE CREDIT COVER® MAKES COMPETITIVE RENEWABLE ENERGY FINANCING POSSIBLE. EVEN WHEN AN ORGANIZATION IS UNRATED OR BELOW INVESTMENT GRADE.
According to industry-leading project Developers and Lenders, EneRate Credit Cover®can:
Increase levered IRR by up to 200 bps
Reduce DSCR to 1.2
Enable up to 85% advance rate/LTV
Speed up financial close to less than 60 days
HOW IT WORKS
Most C&I electricity offtakers are unrated or below investment grade, which severely limits their ability to get financing for clean energy generation and energy efficiency projects. When financing is even possible, the process can be grueling, leaving investors waiting years to see a return.
A huge market hasn’t been able to access capital for distributed energy and efficiency upgrades because of these hurdles. Until now. Energetic Insurance® lets developers, investors, and energy service providers do more projects and see much faster returns. EneRate Credit Cover® makes it possible.
Increase deal velocity. Expand impact by (re)financing unrated or below investment grade organizations. Gain predictability and confidence in project cash flows while putting more capital to work. We'll allow you to do so by insuring offtaker payment default risk.
Develop more high-quality projects that generate strong returns and can be financed quickly. Serve untapped markets. Protect financial losses and benefit from our insurance partners' AA - /Aa3 credit ratings (in lieu of the offtakers').
Meet ESG goals. Attract sustainability conscious customers and investors. Increase efficiency. Decrease energy costs. Connect with reputable energy-as-a-service providers. Secure financing and affordable payments. CRE owners: access clean energy for your properties.
We can connect you with project developers, sponsors, acquirers, lenders, tax equity investors, and development capital providers. Find collaborative opportunities to pool projects or stack value propositions. Vet opportunities with our sophisticated underwriting services.
"EneRate Credit Cover® is the solution we have been waiting for that can unlock our ability to gain comfort with the predictability of cash flows on the smaller commercial solar deals."
— JORDAN BLANCHARD, HEAD OF ENERGY & INFRASTRUCTURE LENDING, LIVE OAK BANK
"The Energetic product is a valuable product to bring solar to our customers without a traditional credit story. We are excited to be a part of this landmark project."
— DAVID WILLIAMS, CHIEF COMMERCIAL OFFICER, CALCOM ENERGY
"Energetic Insurance's deep experience in energy and financial markets make them the ideal partner to develop innovative risk management solutions."
— WILL THORE, SCOR VENTURES, PARTNER, HEAD OF P&C VENTURES