Berlin-based Zolar, which supplies solar panels to consumers, has raised a €100m debt vehicle
from BNP Paribas to offer financing solutions to its residential customers.
Zolar provides consumers with panels and offers a flexible instalment loan to help finance it.
Consumers can choose between making a one-time upfront payment or a flexible monthly fee.
Zolar’s new debt vehicle is an asset-backed security (ABS).
Zolar has raised $241m (€300m) from backers such as Partech, Heartcore Capital and green
search engine, Ecosia.
https://sifted.eu/articles/zolar-climate-debt-solar-news
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