Eversheds law partner Michele Thomas, speaking at this week's Environmental Bonds Conference in London, said that the banks her firm has been working with on renewable energy transactions are preparing to securitise those loans and sell their exposure via green bond structures. Eversheds is one of the top ten law firms in the UK.
Environmental Finance reports that she said “All the work we’re doing in certain technologies – for example solar – is done with a view to securitisation,” she said. “The banks realise they can’t continue to fund on a traditional project finance basis – they need an exit.”
Sounds like we should expect to see a lot of renewable energy-backed green bonds in the coming year.
See the full story at http://www.environmental-finance.com/news/view/1604
