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| Filename | South-African-Retail-Solar-Securitisation-September-2023.pdf |
| Filesize | 238.15 KB |
| Version | september 2023 |
| Date added | September 1, 2023 |
| Category | Credit Rating Reports, Industry Reports, Structured Finance |
| Tags | South Africa |
The proliferation of both residential and commercial solar energy installations in South Africa over recent months evidences the emergence of a new asset class. As more and more rooftops glisten with panels, more and more providers are creating receivables in the form of contracts to collect monthly payments. These providers face the problem of finance. This following report considers the potential of tapping the debt capital market through securitisation as a source of wholesale finance for household and commercial solar providers and financiers.
Many factors will influence the future scale and economics of South African solar power. Two of the most important of these are access to capital and cost of capital. Asset-based securitisation could play a role in the South African solar energy market that is as powerful as the role that it played in revolutionising mortgage finance. Auto loans represent another asset class fuelled by securitisation. Retail solar energy can be yet another.