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The PACE quickens
06 February 2017The market for Property Assessed Clean Energy bonds in the US is booming, with $1.7 billion of issues last year. Joe Walsh investigates the secret to its success and explains why it is being rolled out in other countries.
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Renew Financial issues $115m Pace bond
07 November 2016California-based clean energy finance company Renew Financial has completed the securitisation of a $115 million residential Property Assessed Clean Energy (Pace) bond.
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Energy efficiency 2016: Renew Financial and Citi
23 March 2016Buildings account for some 40% of global energy consumption, but opportunities to invest in energy efficiency in real estate can be hard to find, and the market remains frustratingly fragmented. So, when Renew Financial issued the world's first securitisation of a portfolio of energy efficiency loans, it was hailed as the birth of a new and welcome asset class.
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Citi and Renew Financial issue first ever unsecured energy efficiency ABS
17 June 2015Citi and Renew Financial have issued the first ever asset-backed security (ABS) transaction comprised of unsecured consumer energy efficiency loans.