EneRate Credit Cover™ can now be used to insure PPA payment default risk on a sale leaseback tax equity investment, enabling more tax investment into unrated investment grade quality solar projects.
BOSTON, MA – March 27, 2020 – Energetic Insurance announced that EneRate Credit Cover™ has been applied to a transaction that utilized a sale leaseback tax equity investment structure, marking the first time the EneRate Credit Cover™ policy had been used on this particular structure. The insurance policy backstops payment default risk on commercial solar projects, which enables project developers to obtain affordable financing by providing confidence and certainty in project cash flows.
Verdant Commercial Capital, LLC has executed a multi-year Vendor Program Agreement with LBX Company, LLC, makers of Link-Belt Excavators. The agreement allows Verdant to provide retail financing for Link-Belt Excavator equipment to the LBX dealer network throughout the U.S.
Verdant Commercial Capital, LLC has hired Amanda Lundmark to manage business development efforts in the passenger transportation industry as Vice President, Relationship Manager. Lundmark has more than 13 years of experience in the equipment finance industry specializing in relationship management in shuttle bus and motor coach business segments. She will use her experience to support Verdant’s growth plans.
Verdant Commercial Capital, LLC has hired Travis Burnett as Vice President, Relationship Manager to grow originations in their technology vertical. In his role at Verdant Commercial Capital, Burnett will concentrate on building relationships with OEMs, distributors and resellers.