Green Bond Fact Sheet

This fact sheet details the Mill City Solar Loan, a USD 242 million Solar Asset-Backed Security (ABS) issued on March 20, 2019, by Paramount Equity Mortgage, LLC (operating as Loanpal). The notes are backed by residential consumer solar loans for energy systems and storage, with a maturity date of March 20, 2043.

• The Mill City Solar Loan is a Solar Asset-Backed Security (ABS) with a total issued amount of USD 242 million, featuring a 34-year tenor and a maturity date of March 20, 2043.
• The transaction is the first term ABS securitization by Loanpal (Paramount Equity Mortgage, LLC), which has funded more than USD 25 billion in total mortgage and solar loan volume since its inception.
• The notes are backed by a pool of residential consumer solar loans, including those for energy storage, with significant geographic concentration in the United States. As of January 31, 2019, California borrowers accounted for 32.17% of the outstanding principal balance, followed by Texas (14.16%), Nevada (10.15%), Arizona (8.10%), and Colorado (5.89%).
• The Mill City Solar Loan contributes to a broader trend of US Solar ABS issuance, which totaled just over USD 1 billion in 2019 and USD 6.2 billion cumulatively.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-03%20US%20Mill%20City%20Solar%20.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-03%20US%20Mill%20City%20Solar%20.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=20 March 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-03%20US%20Mill%20City%20Solar%20.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = mar, url = {https://www.climatebonds.net/files/drupal-files/files/2019-03%20US%20Mill%20City%20Solar%20.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }