Dividend’s solar power securitization receives industry’s first “AA” rating

Business, Dividend Finance, Finance, Markets & Policy, Products, Residential PV, Residential Solar Power, Solar Power
Dividend Finance has closed a $104 million residential solar loan securitization, following on its first $129 million securitization in October 2017. April 25, 2018John WeaverSolar is becoming a powerful force as an asset class.Solar provides revenue generation capability via decades of electricity production. Private equity loves the idea of building solar from the ground up. Developers love the idea of owning the rights to projects. And increasingly, we’re seeing residential solar loan companies come into their own to replace to retreating solar lease.As part of these trends, Dividend Finance has now closed on its second residential solar loan securitization, as the first solar asset-backed security to receive an “AA” rating from the Kroll Bond Rating Agency (KBRA).The portfolio valued at $105 million portfolio has also received “green bond” designation from…
Read More