A Sunrun subsidiary will issue $111m worth of solar asset backed notes, with the offering expected to close on 9 July, the company said Wednesday in a statement.
The announcement ends more than a year and a half of speculation as to which rooftop solar company would be first to follow SolarCity into the securitization game.
SolarCity completed its – and the PV industry’s – first securitization of distributed solar assets in 2013, and followed with two more securitization rounds in 2014.
Sunrun’s
