Bridging the Gap in VPPA Financing: Energetic Capital's EneRate Credit Cover Expands

Source: www.gulfoilandgas.com 1/9/2025, Location: North America

Energetic Capital is proud to formally announce the expansion of its flagship product, EneRate Credit Cover, into the growing virtual power purchase agreement (VPPA) market. This groundbreaking credit insurance solution addresses the unique challenges of VPPAs by mitigating offtaker credit risk, enabling developers to unlock competitive financing terms for renewable energy projects.

Demand for virtual and corporate power purchase agreements is increasing. The result is that the pool of offtakers entering into these agreements is getting larger. More sub-investment grade and unrated counterparties are emerging as buyers under these agreements. Multiple lenders, sponsors, and advisors have engaged Energetic to enhance offtaker credit and supplement credit support for such transactions.

“With this expansion into the VPPA market, Energetic Capital is setting the stage for new opportunities in renewable energy finance,” said Jeff McAulay, CEO of Energetic Capital. “Our innovative products not only provide critical risk mitigation but also drive competitive financing terms.”

Energetic’s VPPA product is an extension of the EneRate Credit Cover product and demonstrates the multiple ways credit insurance can be used facilitate project deployment. Energetic Capital has leveraged EneRate Credit Cover to support over $800 million in renewable energy projects across 1,500 sites nationwide, avoiding 115,000 metric tons of carbon emissions. With backing from a top-five global reinsurer and $15 million in venture funding from Fortune 100 and Fortune 400 companies, Energetic Capital continues to redefine renewable energy finance.


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