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“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
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