Energetic Insurance has announced a $24M term loan refinancing for Longroad Energy, backed by Fifth Third Bank, using Energetic’s EneRate Credit Cover®. This policy reduces offtaker risk by covering payment default for commercial solar projects, unlocking access to financing for businesses that lack investment-grade credit ratings. With this refinancing, Energetic now insures over $40M in solar projects across 140 sites. This deal highlights the growing use of EneRate Credit Cover® to de-risk clean energy financing, enabling more banks to support commercial solar projects.
Read more about this milestone here.
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