GCL New Energy closes solar revenue put


Excerpt below; full piece available on SparkSpread.

GCL New Energy has closed a solar revenue put for a 50 MW (dc) portfolio of four solar generation facilities in Oregon.

kWh Analytics underwrote and structured the hedge, while Swiss Re Corporate Solutions provided the financial backing for it, according to the companies’ announcement from Aug. 29.

The solar revenue put is a volume hedge, not a price hedge. It protects against shortfalls in solar irradiance, panel failure, inverter failure, snow, and other system design flaws, according to kWh Analytics’ statement.