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'Clean-energy' loans hurt borrowers in Missouri. Will Ohio see repeat?

'Clean-energy' loans hurt borrowers in Missouri. Will Ohio see repeat?
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San Diego clean energy lender Renovate America may lose PACE license amid fraud claims


Print
California’s financial services regulator has moved to revoke the license of bankrupt San Diego clean energy lender Renovate America after local homeowners had liens placed on their properties for nonexistent improvements in an apparent fraud.
The Department of Financial Protection and Innovation is seeking to terminate Renovate America’s Property Assessed Clean Energy (PACE) Administrator License the first time that the department has made such a move since the PACE program began in 2008.
Following an investigation, the Department found that Renovate America enrolled what turned out to be a bogus construction company to sell PACE-financed green home improvements such as solar panels, attic insulation and artificial turf installation. ....

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Ygrene makes a comeback with mixed PACE deal


By Jennifer Kang
04.00 PM
Ygrene completed its first property assessed clean energy (PACE) securitization of the year, a transaction backed by a mix of residential and commercial loans. As one of the most consistent and largest renewables issuers, Ygrene has pushed total sector issuance volume beyond that of both 2019 and 2020.
The PACE market saw very limited issuance in 2020 due to a mix of Covid-19 and regulatory headwinds, the lowest level seen in six years. Furthermore, Renovate America, a major player in the sector, filed for bankruptcy in December 2020, after years of fighting policy
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