Renewable Energy Finance: How are Securitization Deals Revolutionizing US’s Residential Solar Market, Insights from GoodLeap's $300mn Transaction

updated on 23 June 2024
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📈 Securitization deals enable residential solar service providers to accelerate their capital cycle, allowing them to package together PPAs or loans and transform them into investable securities. This ensures that the firms have access to that capital now, helping them sidestep the expensive debt market.

💰 In this particular case, the transaction provides more liquidity to GoodLeap, a US-based digital marketplace for sustainable solutions. The deal marks the company’s fifth securitization deal since the start of 2023, totaling over $2.1bn.

🌞 The $312mn securitization deal, sponsored by Goldman Sachs, with additional participation from players such as BofA and Citigroup, will enable GoodLeap to expand its operations and further the deployment of affordable, small-scale solar installations across the country.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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