Solar-Backed Bond Opens New Path for Renewable-Energy Financing

  • China raised $152 million in solar asset-backed securities
  • Securities are backed by 200 megawatts of solar farms

About seven months ago, a unit of Shenzhen Energy Group Co. started looking for ways to find new sources of capital for solar plants that wouldn’t compete for cash with its parent company’s hydro and coal projects. The answer was a new kind of security and a first for China.

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