SAN FRANCISCO – kWh Analytics, the market leader in solar risk management, today announced the release of Solar Lendscape for Tax Equity, a free resource that profiles 28 tax equity investors. For developers looking to raise capital, the Solar Lendscape catalogs the industry’s most active debt and tax equity investors, including details on check size, target market segments, and product type.
The industry’s first Solar Lendscape was released in June 2018 and initially focused exclusively on providers of debt. Following industry interest, kWh Analytics developed Solar Lendscape for Tax Equity to also include an overview of tax equity investors.
Project development is known to be a complex engagement in which the rules and variables regularly change. One of the most important variables for a developer to track is the availability of capital. Leveraging their experience working with investors, kWh Analytics built a simple, free tool to help developers assess the investor landscape and find the right partner for their projects.
“Solar Lendscape should prove a useful tool for developers trying to raise capital for their projects,” says Keith Martin, Partner at Norton Rose Fulbright. “It was inevitable that someone would create an internet portal to help with that process.”
Fast facts from the Solar Lendscape for Tax Equity:
- Most organizations are using partnerships as a preferred structure.
- Nearly a dozen investors are investing in community solar.
- There was an influx of new tax equity providers in 2017, following the extension of the investment tax credit in 2016.
Fast facts from the Solar Lendscape:
- Over 40% of the most active lenders now value kWh Analytics’ Solar Revenue Put as a credit enhancement.
- There are now 14 lenders that have either originated or hold more than $1b of solar term debt.
- ~20% of the lenders are now willing to lend to community solar projects.
- ~20% of the lenders are now willing to take risk on the merchant tail.
Learn more about the Solar Lendscape & the Solar Lendscape for Tax Equity: www.kwhanalytics.com/solar-lendscape
About kWh Analytics
kWh Analytics is the market leader in solar risk management. By leveraging the most comprehensive performance database of solar projects in the United States (20% of the U.S. market) and the strength of the global insurance markets, kWh Analytics’ customers are able to minimize risk and increase equity returns of their projects or portfolios. kWh Analytics also provides HelioStats risk management software to leading project finance investors in the solar market. kWh Analytics is backed by private venture capital and the US Department of Energy.
About the Solar Revenue Put
The Solar Revenue Put is a credit enhancement that guarantees up to 95% of a solar project’s expected energy output. kWh Analytics’ wholly-owned brokerage subsidiary places the policy with risk capacity rated investment-grade by Standard and Poor’s. As an ‘all-risk’ policy, the Solar Revenue Put protects against shortfalls in irradiance, panel failure, inverter failure, snow, and other system design flaws. The Solar Revenue Put provides comprehensive coverage that banks rely upon, enabling financial institutions to more easily finance solar projects on terms more favorable to the sponsor.