Performance Insurance Services

The policy supports the Gaskell West 2 and 3 projects, helping Matrix Renewables to secure financing and covering production for the full 26-year debt amortization term. Portfolios backed by the Solar Revenue Put can support higher leverage levels or lower credit spreads, reducing equity checks and mitigating downside risk. Insuring almost 3 GW of renewable generation capacity to date, the Solar Revenue Put supports the development of new solar energy projects.

First of its kind
The Wind Proxy Hedge is the only parametric wind hedge that is paired with the unique kWh Analytics Indifference Structure proven to unlock additional indebtedness of >20%.

Industry-leading backing
The Wind Proxy Hedge and Indifference Structure is designed and tailored by kWh Analytics and backed by leading global reinsurers and/or weather derivatives counterparties with investment grade credit ratings.

Enhanced bankability for wind projects
By protecting revenues from wind energy generation, the Wind Proxy Hedge enables sponsors to raise more debt capital.

Mitigation for wind volatility
The WPH significantly improves a project's P99 scenario by adding investment-grade cash flow above the P99 wind speed.

Market expertise
The Wind Proxy Hedge is paired with kWh Analytics’ proprietary Indifference Structure, reducing the impact of wind speed variability on debt sizing.

Our Solar Revenue Put (SRP) reduces financial risk on a range of solar projects, protecting 10–25 years’ production against equipment failure, irradiance deficiency, weather, wildfire smoke, and other risks, with claims paid out within 30 days to ensure timely debt service payments. Already applied on over $4B of solar assets, recognized by 30+ major lenders, and backed by insurance carriers with investment grade financial ratings, the SRP is North America’s only solar production insurance that incentivizes lenders to offer improved terms thanks to its accurate forecasting and pricing enabled by our extensive solar performance data.

Unreliable energy generation places solar projects at risk, making it difficult to secure financing and limiting the ability of owners to meet the accelerated demand for new projects. Matrix Renewables sought a solution that would open up financing for 143 MW of new-build, utility-scale solar projects.

kWh Analytics structured a Solar Revenue Put policy that covers Matrix Renewables’ solar production, providing protection against downside risk and serving as a credit enhancement that allowed Matrix Renewables to achieve more favorable financing terms from major lending partners MUFG, HSBC, the Commonwealth Bank of Australia, and the National Bank of Canada.