Pivot Energy Adds Credit Enhancement Product to Solar Portfolio

Bret Labadie. kWh Analytics has formed a collaboration with Pivot Energy LLC to supply Solar Revenue Put production protection for multiple solar installations totaling 70 MW in six states. This insurance was included after financial closure to help improve funding from Silicon Valley Bank, Cadence Bank, and Bank United. Everest serves as the carrier for production coverage. Bret Labadie, CFO of Pivot Energy, declared that their partnership with kWh Analytics “will be a game-changer for our portfolio of community solar assets.” This insurance product lowers the danger connected to the holdings, guaranteeing higher project gains and allowing us to finance more green energy ventures in the longer term. The Solar Revenue Put is a device intended to increase leverage for investors by reducing the possibility of lost income from solar production. Even though the funding was cleared in April 2022, the Solar Revenue Put being added post-financing for a longer duration of 20 years has allowed Pivot Energy to boost the loan amount, aiding with the expense that would usually be paid for by equity. The Pivot Energy selection was an unfamiliar proposition for the kWh Analytics group due to all 36 sites having different details, different tracking systems and more potential risks. The team studied the largest existing pool of operational solar energy ventures to measure the risk at both the individual project level and in a bundle of investments. This allowed them to come up with the best deal for the Pivot Energy customer, and to help the business structure their debt in the most advantageous way possible.