SolaREIT closes $100 million securitization
The solar real estate investment fund, which leases solar sites from landowners, closed the deal with Nuveen.
Sunnova prices latest solar securitization round
The notes are backed by more than 3,700 solar rooftop systems across more than 21 states and territories.
Mosaic Completes $221 Million Solar Loan Securitization with Another Record-Setting Green Bond Offer
Mosaic, a leading financing platform for U.S. residential solar and energy-efficient home improvements, today announced the close of its 11th solar loan securitization. At $221 million, the securitization included 21 unique investors and set another industry record for low cost of funds on bonds.
Sunnova launches green financing framework and prices its latest securitization
The securitization was backed by more than 6,400 solar rooftop systems and represented the best price to date for a portfolio of solar and energy storage loan assets.
Loanpal solar loan securitization tests the water, signals a post-Covid market reopening
“Solar loans have proven to be a resilient asset class through these turbulent times.”
Morning Brief: Philly signs an 80 MW PPA, Sunnova closes securitization of rooftop systems
Also in the brief: Fayetteville municipal buildings are two-thirds powered by solar, climate change is a defining issue for Nevada Democrats, Smithville, Texas approves 1 MW project, and more.
Institutional investors warm to residential solar securitizations
Solar Mosaic’s recent $208 million securitization of residential solar loans is the latest sign that institutional investors are getting more comfortable with this class of asset-backed securities.
Duke’s battery bonanza, Sunrun prices securitization: pvMB 6/4/19
Hello one and all and welcome to the pvMB. Today we’ll be diving into US Light Energy’s 7 MW community solar project planned for Clifton Park, Modernize partnering with Renovate America, Maine’s new community solar bill and much more!
Sunrun’s securitizations pay 99.1% of the time
The Kroll Bond Rating Agency has issued a preliminary rating of “A-” on 88 MWdc of residential solar PPAs and leases being offered for purchase by Sunrun. The 14,377-unit portfolio has a current delinquency rate of 0.09%.
Solar securitization shines on winter solstice
Sunrun’s Athena, a portfolio of 34,493 solar leases and power purchase agreements totaling $322 million, has been priced and closed at a 5.55% yield.
