Securitization of rooftop portfolios emerges

Citigroup expects to complete solar securitization deal later this year

24.05.2012: Environmental Finance reports that US financial services company Citigroup Inc. is developing a securitization bond structure for large pools of residential solar projects. Citing Citigroup’s director of infrastructure and project finance, Stuart Murray, the article reports that Citigroup will likely close a solar securitization deal later this year or in early 2013 – that would likely make Citigroup the first company to complete such a deal. Speaking about potential solar securitizations, Murray said: “I think we and a lot of other firms are looking to crack that nut. It would be an incredibly efficient source of financing to stimulate the deployment of residential rooftops.” … Source: Environmental Finance; Summary: PHOTON http://www.environmental-finance.com http://www.environmental-finance.com/news/view/2518

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com