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Credit FAQ Explains The Ins And Outs Of Solar ABS Securitizations

ENGLEWOOD (S&P Global Ratings) Oct. 18, 2024--S&P Global Ratings on Oct. 17, 2024, published "Solar ABS Trends: Partially Cloudy Skies ," which answers questions about solar panel asset-backed securitizations.

In the report, S&P Global Ratings provides an overview on how transactions in this growing sector are structured, recent performance trends, and what the future might hold.

"According to U.S. Energy Information Administration data, residential solar production capacity has grown more than 10-fold between July 2014 and July 2024, to 34.750 gigawatts (GW) from 3.346 GW," said credit analyst Seven Margetis. "While this growth is most likely attributable to consumers' desire to control the cost of electricity, it may also be part of consumers' efforts to reduce carbon emissions."

The report presents our answers to frequently asked questions from market participants, including:

  • How are global solar panel markets funded?
  • What is driving solar loan performance?
  • How do policy trends affect the risk of solar ABS?
  • What is the landscape outside the U.S.?

This report does not constitute a rating action.

The report is available to RatingsDirect subscribers at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by sending an e-mail to research_request@spglobal.com. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box at www.spglobal.com/ratings.

Primary Contacts:Steven Margetis, Englewood + 2124388091;
steven.margetis@spglobal.com
Giuseppina Martelli, Milan + 39 02 72 111 274;
giuseppina.martelli@spglobal.com
Secondary Contacts:Ryan Butler, New York + 1 (212) 438 2122;
ryan.butler@spglobal.com
Deborah L Newman, New York + 1 (212) 438 4451;
deborah.newman@spglobal.com
Roberto Paciotti, Milan + 390272111261;
roberto.paciotti@spglobal.com
Research Contact:Tom Schopflocher, New York + 1 (212) 438 6722;
tom.schopflocher@spglobal.com
Media Contact:Jeff Sexton, New York + 1 (212) 438 3448;
jeff.sexton@spglobal.com

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