2018-11-20us-20sunstrong-40a7387ece8a8b3e.pdf

This fact sheet details a USD 400 million Solar Asset-Backed Security (ABS) issuance by SunStrong, a joint venture between SunPower and Hannon Armstrong, secured by residential solar leases in the USA.

• SunStrong issued a Solar ABS totaling USD 400 million on November 28, 2018, which was the second largest solar ABS issued in 2018, following a USD 932 million deal by Vivint Solar in June 2018.
• The notes are secured by cash flows from over 37,500 residential solar leases owned by SunPower.
• SunStrong is a joint venture between SunPower, an energy company that manufactures PV cells based in California, and Hannon Armstrong, a real estate investment trust based in Maryland.
• SunPower has committed to providing annual updates via Hannon Armstrong’s website for the duration of the notes, including data on carbon emissions saved and renewable power generated per USD 1,000 invested.
• The issuance carries a green bond rating of GB1 from Moody’s and a fixed interest rate of 5.68% per annum.

APA

Climate Bonds Initiative (2018). 2018-11-20us-20sunstrong-40a7387ece8a8b3e.pdf. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Sunstrong.pdf

Chicago

Climate Bonds Initiative. 2018-11-20us-20sunstrong-40a7387ece8a8b3e.pdf. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Sunstrong.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=2018-11-20us-20sunstrong-40a7387ece8a8b3e.pdf |date=30 November 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Sunstrong.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative201820181120us20sunstrong40a7387ece8a8b3epdf, author = {{Climate Bonds Initiative}}, title = {{2018-11-20us-20sunstrong-40a7387ece8a8b3e.pdf}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/drupal-files/files/2018-11%20US%20Sunstrong.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }