Energetic Insurance has successfully applied its EneRate Credit Cover® policy to a commercial solar + storage project utilizing a sale leaseback tax equity structure. This marks the first time the policy has been used on such a transaction. EneRate Credit Cover® mitigates payment default risk for solar projects, enabling developers to secure financing more easily by insuring PPA cash flows. Verdant Commercial Capital facilitated the tax equity investment and plans to use this insurance product on additional sites. This milestone expands access to financing for unrated and below-investment grade customers in the C&I solar market.

Learn more about this breakthrough project here.