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 join those who say that the human race has evolved to be tribal and selfish. We are largely indifferent to the needs of others, and the capitalist society we’ve built has only served to reenforce this.
As Tom Waits observed, “We’re monkeys with money and guns.”
Now, are there some extremely decent and kind people spread around the globe? Of course. But they tend not to be the billionaires who make all the important decisions as to the how our culture will conduct itself.
Well, never is a long time, as they say.
Yet imagine this scenario, which is quite possible:
Trump is impeached and removed. Almost immediately, there is an incredible outpouring of information on an additional set of crimes committed by Trump and his administration. Simultaneously, the U.S. morphs into a social democracy, and its people enjoy quality education, access to healthcare, and prosperity, not unlike those in Northern Europe and elsewhere around the globe.
Yes, there will always be Republicans promising mass deportations and whatever else appeals to a dwindling MAGA base, but I would think they will have one hell of a hard time winning a national election.
The GOP can say the American economy is skyrocketing. But then there’s that nasty little piece of reality that people can’t afford groceries and are suffering financially more generally.
Or they can day that people are suffering financially, but it’s Biden’s fault. Oops. Biden left office 588 days ago.
Or they can say that the war in Iran has driven up gas prices, but that will turn immediately because we’ve won the war. Yikes. What can we say about all these bombs?
Or they can say that all the racial hatred and divisiveness is Obama’s fault. No, that’s problematic, since he’s been gone for almost 10 years.
Trump supporters may not be too sharp, but even they are having trouble accepting all this crap.
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