Excerpt below; full piece available on Power Finance & Risk.
GCL New Energy has made use of kWh Analytics’ solar revenue put as part of its tax equity financing of a contracted four-project solar portfolio in Oregon.
PNC Bank is providing the tax equity for the 38.5 MW portfolio, which is under construction in Jefferson and Klamath counties, Oregon.
The deal is one of a handful to benefit from credit enhancement through kWh Analytics’ solar revenue put, which guarantees up to 95% of a projects’ expected output.