FINANCING THE SOLAR ENERGY MARKET THROUGH THE USE OF SECURITIZATION – THE CASE OF THE UNITED STATES
DOI:
https://doi.org/10.12775/CJFA.2018.009Keywords
solar energy, finances, renewable energy sources, securitization, financial marketAbstract
This article corresponds with the research on the implementation of general sustainable development ideas. Moreover, it addresses the issue of using securitization in financing the solar energy market in the U.S. The aim of the research is to identify the essential characteristics of lease securitization of photovoltaic installations, as well as illustrate the current market development of these instruments. The paper discusses theoretical framework of securitization, identifies essential characteristics of the photovoltaic installation market in the context of its potential regarding the use of the securitization process, and presents the state of the securitization market in the discussed area. The characteristics presented in the article are based on the examples of the United States economy – the birthplace of lease securitization of photovoltaic installations, as well as the only state, where the analysed instrument finds practical application, so far.References
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