Mumbai – Credit Fair, a non-banking financial company (NBFC) having significant presence in the solar and MSME segments, has successfully raised $5 million in debt from the $75-million GreenBasket Bond issued by Symbiotics Investments. The bond, which is the second of its kind, was issued by Symbiotics Investments and subscribed to by British International Investment […]
Loanpal Now No. 1 in the Booming Solar Loan Market
WoodMac finds that loans now claim a majority of the solar financing market, but third-party ownership isn’t going away anytime soon. Solar loans started outperforming third-party-owned solar in early 2018. According to a new WoodMac report, the first half of 2019 saw loans claim a majority of the solar financing market first time, at 55 […]
Sunnova Logs Q2 Loss But Outlines Big-Time Customer Growth
The newly public residential solar company is growing quickly but has much work ahead to become profitable. Sunnova finished its first quarter as a public company with a net loss grazing $50 million, which the company attributed to several factors including $1.3 million in initial public offering-related costs and $11.6 million in depreciation expenses. Despite […]
Dividend Finance Enters Solar Loan Partnership With KeyBank
Residential solar loan providers are increasingly teaming up with banks, potentially boosting their margins while lowering interest rates for customers. Solar loan provider Dividend Finance will begin originating loans financed by KeyBank, offering the bank’s financing next to its own residential solar loans. The deal, involving a large bank and the solar loan provider ranked […]