Solar Industry Lobbies For Tax Credits As Securitization Growth Proves Slow

The solar industry’s race to issue the first asset-backed bonds may be over, but challenges slowing broader issuer participation have the industry racing to secure additional forms of capital, including the expansion of important tax credits that are granted through Congress. An expansion could reduce the urgency to finance growth through securitization, but also create more assets for investment in the long term.

  • By Matthew Scully
  • 14 Feb 2014

--Matt Scully

The solar industry’s race to issue the first asset-backed bonds may be over, but challenges slowing broader issuer participation have the industry racing to secure additional forms of capital, including the expansion of important tax credits that are granted through Congress. An expansion could reduce the urgency ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%