New Energy Risk announces tax credit insurance transaction

New Energy Risk completed its first tax credit insurance deal, partnering with Alliant to back a utility-scale solar project in Texas. The policy supports power generation for a large data center and marks NER’s entry into the tax credit insurance market, expanding its offerings beyond technology performance coverage.

“We are extremely pleased to announce our first participation in a tax credit insurance transaction. This success reflects months of dedicated effort and a logical extension of NER’s capabilities in supporting the clean energy industry. We appreciate Alliant for their leadership on this transaction and our insurance partners for their continued support of NER’s work to deliver innovative, large-scale performance insurance solutions for breakthrough technologies.” – George Schulz, CEO of NER.

“Alliant is pleased to welcome NER into the tax insurance market and extends our sincere appreciation for the valuable support they provided to both our firm and our client. We look forward to strengthening our collaboration with NER and their insurance partners in the years ahead.” – Dan Schoenberg, Executive Vice President of Alliant Mergers & Acquisitions.