Sunnova prices first solar securitization of 2020

Resi solar (SunRun)
By Max Adams
06 Feb 2020

Solar finance company Sunnova priced the first solar securitization of 2020, a $313.5m dual tranche offering, on Wednesday.

Sunnova Sol Issuer 2020-1 is a residential solar lease and power purchase agreement (PPA) securitization backed by a pool of 17,804 contracts as well as six hedged solar renewable energy certificate (SREC) contracts, according to Kroll Bond Rating Agency. The leases and PPAs were extended to customers ...

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