Mosaic brings solar ABS volume closer to 2019 levels

Installing solar panel rooftop from Adobe 9Jul20 575x375
By Jennifer Kang
28 Sep 2020

Solar Mosaic is readying a $222m securitization backed by residential consumer solar loans — its second this year. Solar ABS issuers say their investor base has multiplied during the pandemic, in part thanks to the accumulation of of loan performance data.

The addition of Mosaic’s transaction to the pipeline pushes this year’s solar ABS volume closer to that of last year’s. In 2019, nine deals were priced with a total issuance volume of about $1.9bn. Mosaic’s deal will bring this year’s count to seven deals totalling $1.76bn.

Market participants point ...

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