Australia has its first green bond which just made solar heating more affordable.
The Australian based credit finance group FlexiGroup, has made a landmark issue of green Asset Backed Securities, a bond raising $50 million to refinance residential rooftop solar systems in the first issue of their type.
As an article on Reneweconomy.com.au highlighted, the significance of this is great. Rooftop solar can now enter the mainstream bond market in Australia for the first time. It also provides a way of cheaper finance for this and other renewable energy technologies.