Banks Prep Renewable-Energy Securitizations

European banks involved in renewable-energy transactions are preparing to securitize those loans and sell their exposure through green-bond structures, according to Michelle Thomas, a partner at the London-based law firm Eversheds, reports Environmental Finance.

European banks involved in renewable-energy transactions are preparing to securitize those loans and sell their exposure through green-bond structures, according to Michelle Thomas, a partner at the London-based law firm Eversheds. Thomas said at a conference, “All the work we’re doing in certain technologies – for example solar – is done with a view to securitization. The banks realize they can’t continue to fund on a traditional project finance basis – they need an exit.”

Click here to read the story from Environmental Finance.