Photographer: Waldo Swiegers/Bloomberg

African Sunshine Can Now Be Bought and Sold on the Bond Market

  • First securitization of off-grid solar contracts into notes
  • Developer aims to raise up to $2 billion in next five years

Africa’s off-grid solar industry has been turned into an asset class for the first time, bundling contracts for thousands of the sun-powered rooftop electricity systems to sell as bonds.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.