Newsletter: May 2018

In this email: kWh featured in Bloomberg, GTM; #Solar100; New Solar Funding Opportunity ($105M) via SETO.
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With new tariffs and rising interest rates, the cost of solar is now increasing—an abrupt reversal of the long term trend. Using data, we at kWh Analytics are working to reduce the risk, and therefore the cost, of solar.

As reported in Bloomberg and GTM, with kWh Analytics and Swiss Re now protecting solar investments, stakeholders are better able to invest the hundreds of billions of dollars that the solar industry requires in the next three years.

As always, feel free to reach out with feedback or questions you have about solar risk management.

Richard Matsui
Founder & CEO

The Solar Revenue Put is Making Solar Energy Cheaper to Finance

“The Solar Revenue Put is advantageous to project developers because it allows them to lower their cost of capital, and solar power prices as a result.” - Nathan Serota, Bloomberg New Energy Finance Analyst. Source: Bloomberg

“Being able to raise more debt with a lower debt service coverage ratio means more breathing room for asset owners to hit their required returns during the term of a PPA, rather than being overly reliant on post-contract revenue stream. The Solar Revenue Put will be an important financial innovation to continue lowering the cost of capital for utility-scale solar projects as power purchase agreement prices continue to decline." - Cory Honeyman, Greentech Media Research Associate Director of Solar. Source: GTM

“The Solar Revenue Put [is] an innovative new financial product that may change the way solar projects are financed. While the solar industry faces the potential impact of tariffs, we explore how this product can reduce project costs.” - Todd Alexander, Partner at Norton Rose Fulbright. Source: Chadbourne Currents

“We highlight the comfort of insurance companies in underwriting cash flows from solar projects at the P50 production level, which is a key turning point for the industry to lever up further.” - Julien Dumoulin-Smith, Bank of America Merrill Lynch Equity Analyst. Source: BAML Alternative Energy Report

Get a Quote

#Solar100 Thought Leaders

Celebrating our industry’s leaders and the ideas that drive them, here are our latest #Solar100 interviews:

  • March 2018 The Malcolm Gladwell of Clean Energy: Shayle Kann
  • February 2018 The Steve Kerr of Renewable Energy: Katherine Hamilton
  • January 2018 The Hank Aaron of Solar Development: Ed Feo

We're Growing!

Know someone who you think would be a great addition to the kWh business team? We're hiring! Looking for someone fluent in the language of project finance, experienced in BD / origination / banking, ready to roll up their sleeves to firmly establish our Solar Revenue Put and help lower the cost of solar.
Join the kWh Team

New Solar Funding Opportunity ($105M) via SETO

The Department of Energy’s Solar Energy Technologies Office (SETO) will issue $105.5M in funding for projects that address the affordability, flexibility, and performance of solar technologies on the grid. Read more in the 2018 SETO FOA.

SETO’s mission is to improve the performance and flexibility of solar technologies that contribute to a reliable and resilient U.S. electric grid. As a past SunShot awardee, we strongly recommend SETO programs.



Missed the latest DealFlow? We’ve got you covered.
Spring 2018 DealFlow

kWh Analytics in the News

  • Bloomberg: Introducing the Solar Put: Insurance for cloudy days at the farm
  • Greentech Media: Energy production insurance for your solar project, from Swiss Re & kWh Analytics
  • NREL: New solar PV tool accurately calculates degradation rates, saving money & guiding business decisions
  • SEPA: Solar risk management: 5 key takeaways from the SAMNA conference
  • Norton Rose Fulbright Currents Podcast: Solar Revenue Put with Richard Matsui, kWh Analytics
  • Credit Suisse: Solar Revenue Put can help Sunrun and other residential sponsors to keep solar growing
  • S&P Global Market Intelligence: To offset tariffs, US solar market looks to financial innovations
  • Bank of America Merrill Lynch: Solar getting credit where due? Financing options expanding despite 201
  • pv magazine: kWh Analytics, Coronal close the first solar revenue put
  • Suncast: #Solar100's Ed Feo, Attorney of the Decade
  • SparkSpread: Developer inks financing with first Solar Revenue Put

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