We improve project outcomes through the mitigation and transfer of performance risk

As a deeply experienced risk transfer partner, we both underwrite and broker proprietary and customized products that meet the needs of renewable energy sponsors and financiers.

kWh Analytics works with all parties involved in a renewable energy project. We employ complex mathematical modeling to identify the optimal solution and provide a tailored service that protects the sponsor’s bottom line, as well as lender and tax equity investments, in the face of performance volatility. We have a proven track record of providing Performance Insurance products that are widely acceptable to project finance investors, including banks and project bond investors.

Why kWh Analytics?

Proven track record

With over 10 years’ experience insuring renewables and more than $30B total assets protected already, we’re the industry’s go-to experts.

Long-tenor carriers

We partner with stable, long-term insurance providers to ensure consistent coverage throughout a project’s lifecycle.

Proprietary Data Set

Our extensive database of over 300,000 performing solar assets provides unmatched risk assessment accuracy.

Risk categories we consider

Solar production volatility

(irradiance and availability)

Solar technology risk
Wind speed volatility

SOLAR REVENUE PUT

Solar production insurance that improves debt terms

Peace of mind means protection against up to 95% of solar energy underproduction risks, thanks to a data-driven policy that gives an investment-grade guarantee.

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.

CASE STUDY

Insuring energy production on 143 MW of new-build solar projects for Matrix Renewables

We structured a Solar Revenue Put policy that enabled Matrix Renewables to secure financing for 143 MW of solar projects by covering 26 years of solar energy production, in the process paving the way for project owners to meet growing demand for renewable energy through the development of new solar projects.

WIND PROXY HEDGE

A credit enhancement that improves the bankability of wind projects

Wind speed volatility is a major threat to wind energy projects – kWh Analytics’ Wind Proxy Hedge, coupled with our Indifference Financing Structure, helps owners manage this risk and secure more debt capital.

The Wind Proxy Hedge essentially creates a floor on energy generation revenues in the face of volatile wind speeds, taking downside risk out of financing for wind projects. This credit enhancement makes wind projects more attractive to lenders, resulting in increased debt capacity.

Why kWh Analytics’ Wind Proxy Hedge?

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.

CASE STUDY

Helping Greenbacker Capital Management secure 20% more debt for a 59 MW wind project through our Wind Proxy Hedge

In partnership with Munich Re and MUFG, we developed a Wind Proxy Hedge that uses historical data to cover shortfalls caused by wind speed variability, reallocating risk to help Greenbacker Capital Management’s 59 MW wind energy project in Maine secure 20% more debt than would have otherwise been possible.

Performance Insurance Team​