The renewable energy securitization market continues to grow in
the US and Europe. TMF Group experts report from the 2016 Global
ABS conference in Barcelona.
Green bonds gaining pace
Craig Braun of Renovate America joined the conference's
Green Bonds/Renewable Energy Securitization panel. Renovate America
originates Property Assessed Clean Energy (PACE) residential loans,
swaps these loans into a municipal bond program with certain
counties located in California and securitizes them through their
HERO note program. Renovate HERO Trusts are the leading issuer of
US PACE bond securitizations.
Renovate and the other panelists highlighted the growing
interest in green bonds by investors. Green bonds enable
capital-raising and investment for new and existing projects with
environmental benefits, and meet the green bond designation
criteria. Green bond investors are finding the securitization of
consumer loans financing – the purchase and installation of
rooftop solar
