The Climate Bonds Initiative now has its first partner that’s focused completely on the US distributed solar market — Dividend Solar.
Dividend Solar, for those that don’t know, is a lending institution that gives investors the option of directly investing in the US residential solar market on a large scale. This is done via partnering with solar installation firms around the country to offer streamlined loan financing to homeowners looking to install solar systems.
The new partnership with Climate Bonds Initiative (CBI) means that investors interested in purchasing “green bonds” in the US now have an option that will allow them to directly help support the growing distributed solar energy industry/market.
“We are firm believers in the growth of the green bonds market. Investors are increasingly looking to deploy capital in opportunities that support sustainability in a profitable way. With the development of globally-accepted standards for investing in our 21st century energy infrastructure, positive economic, environmental and social returns are no longer mutually exclusive,” stated Steve Michella, CEO of Dividend Solar. “By joining the Climate Bonds Initiative as its first partner focused exclusively on the distributed solar market in the US, Dividend Solar is supporting this rapidly growing market and continuing to attract new investment capital into the asset class.”
The reported aim of the CIB is to promote investment opportunities in projects + assets that will facilitate a quick transition to a low-carbon economy. Through the development of a large “Green and Climate Bonds” market, the CBI is working to lower capital costs for projects addressing climate change.
“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,” stated Sean Kidney, CEO of the Climate Bonds Initiative. “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.”