Upcoming Classes

Search CFLA's Article Archive:

Securitizing Sunlight Could Help Fund Next Solar Boom

trefis.comJuly 12, 2012

By Trefis Team

SecuritizationUnderwriters from multiple banks are looking at opportunities for the securitization of power output from rooftop solar installations to fund future solar installations. [1] The proposed structures are similar to mortgage or loan based securities in that the returns to the holder are backed by future payments on the underlying assets (in this case, the electricity generated from solar installations).

Such securities could come as a major step forward in financing solar installations as developers are facing reductions in government incentives. According to estimates, securitization could become a major source of funding for developers such as First Solar (NYSE:FSLR).

We have a $22 price estimate for First Solar, which is 50% premium to its current market price.

 

New Wave

Solar developers in the U.S. are looking for alternative means to finance solar development after the expiration of tax incentives last year. Installations in the country are expected to jump by 75% to over 3.2 GW in 2012 and securitization could provide a new source of funds for the proposed development.[1] Securitization can lower the cost of funding for developers that currently depend on bank loans or the sale of tax credits to generate capital. Developers could finance rooftop installations by structuring securities to divert monthly payments for the electricity generated to holders. The trend is expected to catch up as solar electricity reaches retail grid parity can consumers can purchase solar energy from rooftop installations at prices lower than those offered by utilities.

First Solar is involved in multiple large scale solar developments in the U.S. Some of its projects have qualified for subsidized loans from the Department of Energy and the company has also managed to sell some of its projects to major utilities, which are required to source some of their electricity production through renewable sources. Securitization can result in another major source of funding for the company’s future projects. First Solar is becoming increasingly dependent on its systems installations business to drive its revenues as well as panel sales. The emerging trend of securitization could lead to a significant increase in the solar installations, boosting its systems business in thh long run.

Notes:

  1. First Solar Bonds Financing $4.6 Billion U.S. Panel Boom, Bloomberg


Back to July 2012 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer
Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:





 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package

 

ALB Law Firm

 

Advocate Legal

 

The True News Network

 

Rubenstein Business Law

 

Atighechi Law Group

 

Scunziano & Associates

 

Get Certified to Perform Mortgage Securitization Audits

 

CFLA Training Academy

 

Expert Witness Services

 

Cutting Edge Expert Securitization Reports

 

CFLA Credit Cards

 

Breaking News

 

Letters to the Editor

 

CFLA Weekly Newsletters

 

Code of Ethics

 

Testimonials

 

Instructional Videos

 

Job Opportunities

 

License Opportunities

 

MARS Rule

 

Product Samples

 

Resource Links

 

Servicer Information

 

Foreclosure Laws

 

REST Report

 

Quiet Title Packages from Licensed Attorneys

 

Advertise on CFLA

 

Advertising Space: Mortgage Securitization, Quiet Title

 

Certified Forensic Loan Auditors, LLC
13101 West Washington Blvd.
Suite 444
Los Angeles, CA 90066

Toll Free: 888-758-CFLA (2352)
Mobile Users: CLICK TO CALL
info@certifiedforensicloanauditors.com

   
 
CFLA IS NOT A LAW FIRM AND DOES NOT PROVIDE ANY LEGAL ADVICE. CFLA DOES NOT OFFER FORECLOSURE CONSULTING OR FORECLOSURE RELIEF
SERVICES. CFLA DOES NOT OFFER OR ASSIST WITH ANY LOAN MODIFICATION SERVICE. CFLA ALWAYS RECOMMENDS THAT CLIENTS RETAIN COMPETENT COUNSEL IN THEIR RESPECTIVE JURISDICTION. CFLA HAS A FREE PROGRAM TO REFER CFLA CLIENTS TO LAW FIRMS IN NEARLY EVERY STATE AND CFLA
DOES NOT CHARGE OR OBTAIN REFERRALS FEES FOR THESE SERVICES. SERVICES NOT OFFERED TO RESIDENTS OF THE STATE OF NEVADA.

 
Home About Us Privacy Policy Terms of Service Disclaimer SERVICES Careers Contact Us
 
COPYRIGHT © 2013 . - All rights reserved.