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.
A couple of months ago, I happened to ask a friend who had emigrated from Sweden if she was religious. “No!” she exclaimed. “Almost no one in Sweden is religious.”
As we see at left, there seems to be a huge correlation between atheism and the national level of happiness. But what causes that?
Are believers unhappy people for some reason? That doesn’t make sense.
Here’s my two-fold theory. Atheists believe:
a) That we only live once, so we try to enjoy it while we can.
And, more importantly,
b) That we need to take care of one another (since there is no God). We’re willing to make sacrifices if that means things like great education, universal healthcare, environmental responsibility, tolerable working conditions, and near-zero poverty.
Renewable Energy
From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”
From this article in The Independent:
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.
Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday.
Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.
Trump is hellbent on destroying the renewable energy industry so as to benefit his billionaire friends in fossil fuels.
He’s on course to be remembered as the most destructive person in world history, with the possible exception of Adolph Hitler.
What is said here about Pete Hegseth is clearly true.
But keep in mind that he’s fiercely loyal to Donald Trump, and Trump couldn’t possibly care what happens to the United States, as long as he can stay out of prison and enrich himself and his family.
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