The Problem Today

Solar project monitoring systems generate continuous, objective performance data. Deal documents contain precise covenants that define what performance is required. Yet in most lending relationships these two things never meet — covenant compliance is tracked through periodic borrower-supplied reports that are backward-looking, inconsistently formatted, and filtered through a party with an interest in how the information is presented. By the time a performance issue surfaces through that process, months have passed and options have narrowed.

What LCOE Delivers for Lenders
Continuous covenant monitoring — DSCR, generation guarantees, O&M reserves, and insurance tracked 24/7 against actual live project data, not periodic submissions
Independent system-of-record data — performance figures drawn directly from project monitoring systems, eliminating reliance on borrower-supplied reports and the errors or omissions they can contain
Early performance signal detection — generation shortfalls, degradation trends, and O&M failures surface in real time, months before they appear in any periodic report
Forward DSCR projection — model where each project is heading at its current performance trajectory before the next covenant calculation date, so you can engage proactively
Origination due diligence — verify a sponsor's actual track record against real prior project performance before committing capital; benchmark proposed assumptions against comparable operating assets
Portfolio risk dashboard — aggregate covenant status, performance vs. underwriting, concentration by sponsor, and forward distress signals across your entire solar portfolio in a single view
Request a Demo →
Loan Triage Dashboard — Lender View
Sunridge Solar LLC — $38.4M Term
DSCR 0.81x (floor 1.10x) · Monitoring diverges from cert by 9.1%
Covenant Breach
Desert Peak Energy I — $24.1M
Gen guarantee breach · O&M reserve at 22% · No cure plan
Covenant Breach
Horizon Solar Partners — $54.2M
DSCR 1.17x declining · Projected below floor by Q3
Early Warning
BlueSky Renewables III — $16.3M
Q1 financials 47 days overdue · Monitoring diverges from submission
Reporting Late
Apex Clean Energy V — $43.5M
DSCR 1.41x · Gen +2.1% vs PF · All covenants met
Pass
2
Active breaches
11
Divergence alerts
1.28x
Portfolio DSCR
⚠ Sunridge monitoring data shows −18.4% generation — independent system-of-record divergence flagged