2017 has set a record for solar securitizations, after several new players entered the field.

The combined asset-backed securitizations (ABS) for solar loans, leases and power-purchase agreements (PPAs) broke the $1 billion mark this year, following the close of a record-setting offering from Mosaic in late October. Solar financiers are demonstrating new levels of market interest in these products, which free up capital for new solar loans and leases.

This level of solar ABS activity surpasses all previous years, and there’s reason to believe the numbers will continue to grow next year, said GTM Research solar analyst Allison Mond.

Source: It’s Official: Solar Securitizations Pass $1 Billion in 2017 | Greentech Media