The PACE quickens
The market for Property Assessed Clean Energy bonds in the US is booming, with $1.7 billion of issues last year. Joe Walsh investigates the secret to its success and explains why it is being rolled out in other countries.
Renew Financial issues $115m Pace bond
California-based clean energy finance company Renew Financial has completed the securitisation of a $115 million residential Property Assessed Clean Energy (Pace) bond.
Citi and Renew Financial issue first ever unsecured energy efficiency ABS
Citi and Renew Financial have issued the first ever asset-backed security (ABS) transaction comprised of unsecured consumer energy efficiency loans.