EnFin by Qcells (EnFin), Qcells’ residential solar financing platform, has completed its first asset-backed securities (ABS) transaction totaling $252.8 million.
The transaction comprises bonds backed by consumer loans used to finance residential solar installations. RBC Capital Markets acted as the sole structuring advisor and bookrunner,and Santander served as co-manager in the transaction.
“This deal signals confidence in the Qcells brand within the solar financing sector and in the broader capital markets,” says Alex Kaplan, EnFin’s president and CEO.
“EnFin is the only financing platform in the market backed by a major manufacturer, and we benefit from Qcells’ trusted reputation for high-quality equipment and its significant investment to build a sustainable solar supply chain in the U.S. With our seamless point-of-sale technology, extensive installer relationships and scalable services, EnFin is ready to support homeowners across the country who want to go solar with reliable and attainable financing.”
In addition to the recent ABS transaction, EnFin has closed two revolving warehouse transactions totaling $500 million of committed capacity. The first warehouse was closed with RBC in April 2023 and the second with Santander in January, each for $250 million.
The post EnFin Closes Inaugural $253 Million ABS Transaction appeared first on Solar Industry.
I encourage readers to check out this tongue-in-cheek ad for plant-based meat.
There is a maxim in marketing warning against “promoting the enemy line,” this is so clever, I can see where it could be quite effective.
As we all know, the GOP will stop at nothing to win the midterms, thus making it impossible to remove the sociopathic criminal from the White House.
But did any of us see this coming?
Macabre.
I just met a woman who’s been a flight attendant for Delta Airlines since the early 1990s, who laments that her company has been ruined by corporate greed, which has trashed so many other things in our lives.
As it turns out, the CEO makes more than $20 million per year, largely based on bonuses associated with cutting costs. “Now we have tray tables that don’t work and seatbacks that don’t recline, and nobody even thinks about fixing them.”
She went on, “This shift has been particularly obvious in the case of Delta, which, when I started with them, was known for its southern charm and the feeling of welcoming its passengers. Now, that gone. It’s like it never existed.”
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Plant-Based Meat Takes Unusual Marketing Tack
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