Most of the systems, more than 83 percent percent of the portfolio, are in California, Colorado and Arizona, SolarCity said in a filing Feb. 5. Rooftops in New York, New Jersey and Hawaii each represent at least one percent.
The portfolio comprises long-term leases and power-purchase agreements. Details of the deal, including the size of the securitization and when it’s expected to be completed, weren’t disclosed.
SolarCity completed in January its fifth securitization, a $185 million private placement of U.S. solar loans.
©2016 Bloomberg News
Lead image: Solar technician on roof. Credit: Shutterstock.