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.
Seminal astrophysicist Carl Sagan explains why uncomfortable ideas may be banned in religion, they must not be shunned in science.
This is an important concept in American life today, as conspiracy theorists are convinced that climate change denial cannot be considered in scientific circles.
I happened to bring this up in my interview with Dr. V. Ramanathan of the Scripps Institution, who has been amassing data on global warming since the 1970s. He laughed, and explained, “If I could prove that human activity was not causing temperatures to rise, I’d be be one of the wealthiest and most famous scientists in world history.”
As suggested at left, a great deal of the hardship that has befallen the U.S. was simply bad luck. Al Gore came within a whisker of victory in 2000, a win that would have forever changed the course of our nation in terms of energy policy, education, healthcare, and international affairs.
If Bernie had become the 2016 nominee, we wouldn’t have had Hillary Clinton telling our country’s most mean-spirited and least-educated people that they were “deplorables,” ushering a criminal sociopath into the White House.
We Came Incredible Close to Averting the Disaster that Is Donald Trump
Social democracies are nations in which the tax base provides everyone with healthcare and education, and where the richest and most powerful people are not free to ruin the environment.
I run into someone from one of these counties a couple of times a month, and I like to ask why their people are consistently at the top of the World Happiness Rankings. The normal response is always some variant of the following:
It’s hard to be happy living in a society that is indifferent to the suffering of others. It’s part of the very nature of human beings to care about one another.
Something else I notice about these places is that very few people are religious. Sweden, e.g., is about 80% atheist.
That means no childish tribalism, no ridiculous dogmas, no worries about eternal damnation, etc.
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