The largest Property Assessed Clean Energy (PACE) bond securitisation has been completed. The securitisation, HERO 2016-2, includes US$305,313,000 in Class A Notes, secured by 13,432 PACE assessments levied on residential properties in 31 counties across the state of California.
The Solar Energy Industries Association (SEIA) has appointed Tom Kimbis, general counsel and current VP of executive affairs for the company, as the new interim president.
The deployment of solar in the United States has reached new heights with one million installations nationwide, making the country’s clean energy revolution a viable reality.
Last Wednesday, the US Senate passed a long-awaited energy bill as a bipartisan measure to modernise the nation’s oil, gas and electricity systems and align them with more climate-friendly solutions.
Record installations expected in 2016 will put the US within a stone’s throw of challenging China’s position as the world number one solar market this year.
The road will be “bumpy”, but solar in the US will continue outstripping predictions by traditional energy forecasters, reaching its next order of magnitude increase in installed capacity by 2030, according to an analyst at GTM Research.
