Solar securitization looks for its big bang in 2015

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By Will Caiger-Smith
18 Dec 2014

As the use of solar energy increases in the US, issuance of securitizations of various financing products for the technology is set to increase, with several new names set to print deals in 2015. But despite progress in 2014, legislation continues to be an obstacle to the growth of this market.

The Property Assessed Clean Energy (PACE) programme, which provides financing for solar and clean energy technology through property tax assessments, yielded two securitizations in California this year, through Western Riverside’s Home Energy Retrofit Opportunity (HERO) platform. Those deals are administered by San Diego-based company Renovate America.

Another California ...

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