Greetings fellow solar supporters,
Last year was the hottest year in our recorded history.
But as many have shown through their research, their marches, and their work: what has been caused by people can and must also be addressed by people. And we are, at an unprecedented rate:
- In terms of GDP, the solar industry added $84 billion to the U.S. GDP in 2016.
- In terms of job creation, one out of every 50 new jobs added in the United States in 2016 was created by the solar industry, representing 2% percent of all new jobs.
- In terms of carbon abatement, the U.S. installed 14.8 GW of PV in 2016 and reached 40 GW of total capacity.
- Globally, the U.S. remains a strong, top three growth market for both new and installed solar capacity. There is now a multi-billion dollar market for tradable solar assets.
Now is the time to be in solar.
At kWh Analytics, we have built the industry’s largest data repository of solar asset performance, with well over 100,000 operating solar power plants, representing nearly 20% of the U.S. market.
As Van Skilling, former CEO of Experian and current kWh Analytics board member, has said, “I’ve seen firsthand how access to reliable, aggregated data can be transformative for markets. It will be no different for solar.”
Already we are seeing how reliable, aggregated data can begin to transform the solar market. Within just the last three months, we quoted Revenue Puts for $350mm of solar projects-- Kudos, the solar industry’s Revenue Put, improves lender terms by bringing investment-grade insurance capacity that guarantees up to 95% of expected energy output. We are seeing that conservative debt service coverage ratios, once considered immovable, can now be significantly reduced with the appropriate credit enhancements. In non-finance speak, Kudos gives our industry increased access to the cheaper capital that it needs to grow.
As the market leader in solar risk management, we’re excited to share our latest updates, as well as highlight our inaugural #Solar100 interview with relentless solar advocate Danny Kennedy.
As always, feel free to reach out with feedback or any questions you have about solar risk management.
Regards,
Richard Matsui
Founder & CEO
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Kudos is Giving Solar the Credit It Deserves
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Kudos, the solar industry’s Revenue Put, improves lender terms by de-risking solar assets with an insurance-backed production guarantee for up to 95% of expected energy output. Kudos relies upon our proprietary repository of performance data to realistically assess production risk. Contact us to learn about how Kudos can reduce your risk, improve your bottom line, and give solar the credit it deserves.
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HelioStats 3.0 Launching This Summer
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Version 3.0 of HelioStats, the industry’s leading solar risk management platform, will be launching this summer! HelioStats helps solar investors to deploy more capital more intelligently by providing data warehousing, analytics, and performance benchmarking for their solar investments. Select clients include Google, PNC, and Sunlight Financial. Stay tuned.
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vestor Risk Round Table: What is Moving the Market and Keeping Investors Up At Night.”
am Shinn in September:
