Joining today, Dividend Solar is a non-bank lender that offers $0-down loan financing to homeowners looking for a better way to go solar. By offering institutional investors the ability to invest directly in the U.S. residential solar market, the company connects large-scale, yield-seeking capital to individual homeowners – thus reducing the soft costs of solar.
Steve Michella, CEO of Dividend Solar, said:
“Dividend Solar is excited to join the Climate Bonds Initiative as its first partner focused exclusively on the distributed solar market in the U.S.
“We are firm believers in the growth of the green bonds market. Credible tagging makes the choice easy for investors who have mandates to deploy capital in the space, and that helps deploy capital more efficiently.
“Of course there are a lot of people who can say they’ve got a green bond; going that step further and getting a certification against defined Standards streamlines the green bond issuance process and makes it easier to compare investments to one another. As an investor you can have greater level of confidence that your investment will not only generate positive economic returns but also environmental returns.”
Sean Kidney, CEO of the Climate Bonds Initiative said:
“We’re excited to have the opportunity to partner with Dividend Solar. One of our key objectives is to grow aggregation mechanisms for fragmented sectors, and Dividend Solar’s focus is in exactly this area,”
“Proceeds from Dividend Solar bonds would support projects that directly address climate change and enable institutional investors to invest in a diversified portfolio of climate-positive infrastructure assets.”
In a statement issued today Dividend Solar said that the partnership opens door for large scale sustainability investments into a fragmented, mispriced market.
The Climate Bonds Initiative has issued an open invitation to banks, issuers, investors and NGOs to join as Climate Bond Partners to help rapidly grow what is already a US$50bn market of green and climate bonds.
- Access to bonds data, including the latest green and climate bonds, underwriter details and new investment areas.
- Market insights, tailored corporate briefings and advice making the most of opportunities in the market.
- Opportunities to connect with issuers, banks, investors, and other Partners.