Investor response to Mosaic’s pioneering solar PV project crowdfunding platform has been dramatic, and positive. The Oakland-based start-up is now looking to its online community of investors to finance its largest solar rooftop project to date, a 487-kW installation for the Wildwoods Convention Center in New Jersey.
The recent U.S. residential housing and mortgage market collapse gave securitization a bad name, but the practice of aggregating and dicing up residential solar PV system leases and commercial solar power purchase agreements (PPAs) is bound to play a role in solar and renewable energy finance going forward.
San Diego’s Borrego Solar has closed a new, $47 million fund with U.S. Bank and East West Bank, another indication that private sector US financial institutions view solar energy as a viable, sound investment choice. Borrego’s intergrated power purchase agreement cuts customers’ up-front capital costs significantly and improves the cash flow profile of solar energy systems’ projects.
