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.
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.
“Solar loans have proven to be a resilient asset class through these turbulent times.”
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.
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.
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!
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