kWh Analytics, a market leader in solar risk management, has deployed its HelioStats risk management software with Live Oak Bank’s Renewable Energy team, a provider of financing for renewable energy projects.
As the costs of building solar have come down, it has become increasingly important to efficiently underwrite and manage distributed solar portfolios. HelioStats enables investors to automate reporting, draw insights from their own portfolios for better capital deployment, and draw upon industry insights to support underwriting determinations, while providing a backbone of risk management compliance by tracking the ongoing financial and operating health of large and small projects alike.
“We have a very diverse portfolio ranging from small commercial projects to community solar projects to utility scale assets,” says Jordan Blanchard, General Manager of Renewable Energy Lending at Live Oak Bank. “kWh Analytics offers a best-in-class solution that is easy to set up and that allows us to identify risks before they materialize. We can deploy capital across a range of project types with confidence because we know our risk management function is scaling with us.”
“Live Oak Bank is widely known for innovation in service of their clients. They are a leader both in structuring new products and in leveraging technology to ultimately provide the best outcome for their customers,” says Jason Kaminsky, Chief Operating Officer of kWh Analytics. “As Live Oak Bank continues to scale, we look forward to streamlining reporting processes with their development partners and supporting their capital deployment strategies.”
Live Oak Bank joins a growing segment of the finance community who relies on kWh Analytics for solar risk management products, including HelioStats and the Solar Revenue Put credit enhancement.
News item from kWh Analytics