Reinsurance News

kWh Analytics closes 23 MW Solar Revenue Put, backed by Swiss Re

12th July 2019 - Author: Matt Sheehan

kWh Analytics, a leading solar risk management provider, has closed a Solar Revenue Put for a 23 MW solar project, with capacity provided by Swiss Re Corporate Solutions.

Solar energyThe 23-MW dc Grand Ridge Solar project, located in La Salle County, Illinois, was refinanced with the Solar Revenue Put protecting cashflows.

Grand Ridge is owned and operated by Invenergy, a privately held developer of sustainable energy solutions, and the project is being funded by Mitsubishi UFJ Financial Group (MUFG), a Japanese financial services company.

The Solar Revenue Put is structured as an insurance policy on solar production and revenues, which serves as a credit enhancement for financial investors.

Using its proprietary actuarial model and risk management software, kWh Analytics developed the Solar Revenue Put to reduce investment risk and encourage the development of low-cost solar energy.


Swiss Re has now backed a number of Solar Revenue Puts by kWh Analytics, the most recent of which was a deal in April 2019.

“We are committed to managing carbon-related sustainability risks and supporting the transition to a low-carbon economy,” said Brian Beebe, Head of Origination North America Weather and Energy, Swiss Re Corporate Solutions.

“We are actively building our business to support the renewable energy that will power our global future,” he added. “The Solar Revenue Put represents a new, multi-billion dollar insurtech category.”

Meghan Schultz, Senior Vice President, Finance & Capital Markets at Invenergy, added: “Invenergy is pleased to work with kWh Analytics on the successful refinancing of our Grand Ridge Solar project.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Hiscox strengthens Jebi & Michael reserves

Global insurer and reinsurer Hiscox Ltd. has announced an expected impact of $40 million in the first-half of 2019 as...