DO MORE PROJECTS, MAKE MORE MONEY.
Competition for investment-grade renewable energy and efficiency projects is high. Sophisticated developers going after reasonable risks with sub investment-grade or unrated offtakers are often turned away by banks and other financiers. Worthwhile projects with strong economics are not being done.
EneRate Credit Cover® works for developers who want to get more projects funded, lower their cost of capital, increase their project development velocity, and close more deals faster. It offers a more efficient alternative for developers that are actively considering an on-site or off-site renewable energy generation project.
WHEN OFFTAKERS FAIL TO PAY - WE DO
Energetic Insurance reduces credit risk by insuring project cashflow
REACH MORE CUSTOMERS & LOWER YOUR CAC
Expand your market reach and cast a wider net. Stop filtering out possibilities based on old financing requirements and expand your brand by servicing new markets.
With EneRate Credit Cover® you can eliminate many existing financing hurdles and unlock financing for the 90% of US businesses without public ratings.
Our policies can help you reduce your cost of customer acquisition (CAC) by closing more deals, faster. We can help you invest your resources in projects that are going to get you the returns that you want to see because they can be financed faster.
SECURE COMPETITIVE FINANCING
Project finance, simplified – create more financing options for your projects by utilizing the EneRate Credit Cover® policy to reduce offtaker credit risk.
The EneRate Credit Cover® product is accretive, making it a more attractive, scalable option as compared to alternatives for financing unrated or below investment grade projects (Personal Guarantee, Parent Guarantee, Letter of Credit).
Developers who harness our policies are able to expand the number of and types of projects they work on and are able to get financed. For those projects, developers may be able to secure a larger advance rate and/or see a reduction of up to 200 basis points on the interest rate.
We have strong relationships with different types of capital providers – from lenders, to sponsors, to development capital construction capital, tax equity, and more. Our team is always eager and excited to make introductions to those providers.
GAIN CLARITY AND CONFIDENCE IN PROJECT ECONOMICS
Our insurance policy is easy to understand and manage. This is a named peril policy with a clear trigger for claim payment, accompanied by a defined claims payment structure.
Whether you are a project developer or energy service provider working on a new build or seeking refinancing, we are eager to help you succeed.
Reach out to learn more about how we can help:
Expand your market reach
Secure a lower cost of capital
Increase the competitiveness of your bids
Lower your customer acquisition costs
Secure competitive refinancing in the case of expiring tax equity
Gain access to warehouse facilities
Meet the needs of corporates seeking renewable energy procurement or energy efficiency solutions as they strive to meet ESG goals
Reach commercial real estate (CRE) customers