Green Bond Fact Sheet

This fact sheet details a USD 38.6 million Solar Asset-Backed Security (ABS) bond issued by SHREC ABS 1 LLC on April 2, 2019, to support residential solar energy in Connecticut.

• SHREC ABS 1 LLC issued a Solar ABS bond on April 2, 2019, with a total amount of USD 38.6 million and a maturity date of June 15, 2044.
• The bond is backed by Solar Home Renewable Energy Credit (SHREC) receivables generated from 6,788 PV systems in Tranche 1 and 7,250 PV systems in Tranche 2 through the Connecticut Green Bank's Residential Solar Investment Program.
• Under two Master Purchase Agreements, the utility companies Eversource Energy (The Connecticut Light and Power Company) and United Illuminating Company are required to purchase 80% and 20% of the SHRECs in each tranche, respectively, at a fixed price over 15 years.
• This transaction represents the first ABS deal from the state of Connecticut and supports the state's goal of reaching 20% electricity production from renewable sources by 2020.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20SHREC.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20SHREC.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=2 April 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20SHREC.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 = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20US%20SHREC.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }