Sunnova residential solar+battery securitization — multi-state TPO solar+storage portfolio
Sunnova prices $319M ABS — A- rated; 76.4% advance rate; 2.58% yield. First-ever solar sector securitization re-financing collateral from a pre-existing securitization.
$319M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Sunnova Energy International
- Buyer / Financier
- Credit Suisse (sole structuring agent)
- Deal Value
- $319M (A- rated; 76.4% advance rate; 2.58% yield)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Sunnova
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