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.
My maternal grandfather was born in southeastern Pennsylvania in 1903 and told me when I was a boy that in the 1920s, times were so good that saloon owners would offer a free lunch, consisting of bread, cheese, and cold cuts. “Sure, they were hoping you’d buy a glass of beer, but they really didn’t mind if you didn’t and simply scarfed down a free sandwich.”
He went on to tell me that nowadays, there’s a popular slogan: There’s no such thing as a free lunch, “but believe me, there was at the time.”
From today’s perspective of greed and selfishness, this whole story sounds like a fairy tale. Corporations and the congresspeople they own want one thing: to suck the life out of us.
As a financially comfortable, educated, straight white male, one might think I’m impervious to any of Trump’s policies.
I have a weakness, however, and it’s one I share with virtually every other progressive on the planet–I care deeply the well-being of other people. It disturbs me greatly to see other people suffer, especially when that suffering would be so easily avoided.
At left is a great example of a fallacy called a “false dichotomy.”
We all crave information that backs up what we already believe, and, in general, Trump supporters have this going on in spades.
When we think about it, isn’t in possible to both protect American citizens and respect the Constitution rights all people living here?
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