kWh provides solar revenue put for solar investment deal

Solar risk management provider kWh Analytics has announced that it will provide insurance support for a solar investment deal between Arava Power, Paz Oil and Menora via a solar revenue put.

The insurance arrangement will seek to optimize debt terms on a 270MWdc utility-scale solar project in Uvalde County, TX.

The solar revenue put is an insurance policy covering solar production to provide protection against downside risk.

It allows asset owners to achieve more favorable financing terms via additional debt or optimized loan terms, providing sponsors with greater financial flexibility and stability.

For the arrangement in question, Nomura led the debt financing as sole Coordinating Lead Arranger and Sole bookrunner, arranging an approximately $200 million senior secured credit facility on behalf of Arava Power, Paz Oil Ltd and Menora Mivtachim.

“At kWh Analytics, our goal is to provide sponsors and lenders with the tools and resources they need to confidently invest in the renewable energy sector,” said Jason Kaminsky, CEO of kWh Analytics.

“The Solar Revenue Put is a game-changer, offering an uplift in return on investment and reducing the risks associated with solar performance. We are thrilled to partner with Arava Power, Paz Oil and Menora Mivtachim on this venture, and are proud to be at the forefront of renewable energy investing in the US.”

“We are proud to have achieved financial closing on the exceptional Project Sunray, together with our remarkable partners, Paz Oil and Menora Mivtachim,” added Arava Power CEO, Ilan Zidkony.

“This Project represents the first step in our broader US expansion strategy, and we are honored by the trust and partnership of our financing partners – Nomura, BHI, Bank Hapoalim, and Siemens Financial who have helped us reach this important milestone. We were delighted to be able to work with kWh Analytics on this project, their support and professionalism were first-class, and we look forward to working together on future projects.”

Source: Reinsurance News,

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