kWh Analytics announced that it structured a Solar Revenue Put for a portfolio of 4,000 projects totaling approximately 35 MW DC of capacity located in the Northeast U.S.

The facilities are being developed and managed by IGS Solar, a residential and commercial solar provider. The IGS Solar portfolio is being funded by a commitment from Ares EIF, the power and infrastructure strategy at Ares Management, L.P. (NYSE: ARES), and a term loan commitment from ING Capital LLC (“ING”). Swiss Re is providing capacity for the Solar Revenue Put.

This was the first US residential portfolio financed with the support of the Solar Revenue Put, kWh Analytics said

The Solar Revenue Put is structured as an insurance policy on solar production and revenues, which serves as a credit enhancement for financial investors. Using its proprietary actuarial model and risk management software, kWh Analytics developed the Solar Revenue Put to drive down investment risk

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IGS Energy   Solar   Finance  

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