Solar Panel-Backed Bond Deals Are Heading for Europe’s Market - Bloomberg

Solar panel installation in Barcelona.

European investors accustomed to buying repackaged mortgages and car loans are getting another type of asset-backed security to invest in: bonds backed by solar panel loans.

Perfecta Energia and HomeTree Marketplace Ltd. are both planning to sell repackaged solar panel loans in the public debt market, according to executives at the companies. They would follow a successful deal by Enpal GmbH, which recently became the first company to sellBloomberg Terminal a solar panel-backed security in Europe’s broadly-syndicated market. The German renewables firm also plans more issuance in future.