Renew boosts PACE ABS volume in shrinking sector

By Jennifer Kang
23 Mar 2021

Residential Property Assessed Clean Energy lender Renew Financial is returning to the ABS market after a two year hiatus, adding volume to a sector that continues to shrink owing to regulatory headwinds and a preference for private placements.

PACE programmes are US government-sponsored initiatives to help finance green and energy-efficient upgrades to commercial and residential properties. Eligible improvements include heating, water conservation, air conditioning, insulation and renewable energy production.

The $156m transaction from Renew brings the overall yearly issuance closer to beating 2020 levels, ...

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