Leading installer SolarCity is planning to launch what would be the first registered public offering of solar bonds in the US.
The company yesterday filed a registration statement with the Securities and Exchange Commission for a US$200 million bond offer that would enable consumers to invest directly in SolarCity projects.
SolarCity said it had amassed the necessary funds from financial institutions and corporations for around US$5 billion in renewable energy assets. But the new offering is the first time that individual investors will be given access through a public solar bond offering, SolarCity said.
The company has launched a new online investment website to enable individual investors to buy bonds directly.
Minimum investments have been set at US$1,000, with maturities ranging from one to seven years and returns of up to 4%.
SolarCity said the bond offer would provide an opportunity for consumers to “participate in the rapid growth of the US solar industry and the transformation of America’s energy infrastructure to clean power”.