Energetic Capital Facilitates Permanent Financing for Wind Farm in MISO Region
Energetic Capital has played a critical role in securing permanent financing for a large wind farm in the MISO region. The project, sponsored by a leading renewable energy developer, will add more than 40MW clean power to the grid.
This deal was backed by a leading global project finance bank. Energetic Capital’s credit insurance product, the EneRate Credit Cover, was key to the transaction, mitigating offtaker credit risk in the case of a sub-IG energy buying subsidiary and enabling the lender to offer more competitive terms to the project sponsor.
“This transaction represents the flexibility and scalability of our underwriting to support projects across asset type, scale and contract structure. We are committed to expanding access to sustainable energy solutions,” said Jeff McAulay, CEO. “This policy exemplifies how credit-enhancement tools can address challenges in today’s evolving PPA landscape, enabling developers and financiers to move projects forward with confidence.”
Energetic Capital has enabled $800 million project value across multiple forms of distributed energy assets, covering 1,500 sites in 46 states. Its credit insurance product has also contributed to reducing carbon emissions by 114,700 metric tons. This wind farm project further cements Energetic Capital’s commitment to driving the clean energy transition.
The transaction is an important milestone for Energetic and for the industry as a whole as the industry moves to meet clean energy targets and combat climate change. To learn more about Energetic’s products reach out!
Energetic Capital | www.energeticcapital.com