Mosaic offering thaws solar ABS primary pipeline

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Mosaic offering thaws solar ABS primary pipeline

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FILE - In this March 23, 2010, file photo, installers from California Green Design install solar electrical panels on the roof of a home in Glendale, Calif. The Obama administration is boosting the development of solar and wind energy on public lands. A final rule announced by the Interior Department on Thursday, Nov. 10, 2016, would create a new leasing program on public lands and encourage development in areas where it would have fewer effects on the environment. (AP Photo/Reed Saxon, File) | Reed Saxon/AP

California-based solar finance company Mosaic is preparing to hit the ABS primary market with an offering backed by loans on residential rooftop solar systems, the first such transaction since early 2016.

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