Perfecta Energía, the company specializing in energy self-consumption solutions through solar panels, and Q-Impact, the investment company focused on projects with a social and environmental impact, have set up, through their investee company Perfecta Consumer Finance, the first fund for securitization of assets to finance residential energy self-consumption. The objective of this initiative, a pioneer in the self-consumption financing sector, is to facilitate families’ access to solar energy and support the energy transition.
The fund, registered and approved by the CNMV under the name of Perfecta Solar Residencial, Fondo de Titulización, has a maximum size of 133.5 million euros. In its structure, it has a credit line provided by Barclays Europe for an initial amount of 50 million, expandable up to 100 million.
The operation represents a milestone in the financing of solar self-consumption and the penetration of renewable energies in Spain. With this operation, the path of sustainable and responsible financing under ESG (Enviromental, Social and Governance) models begins for self-consumption, bringing the capabilities of the capital market closer to families. Likewise, the securitization format constitutes an additional guarantee, to the extent that its requirements involve exceeding the standards of international banking and regulators.
The Perfecta Consumer Finance model is based on providing the customer with savings from the first day of the photovoltaic installation, which is higher than the cost of financing it. In this way, the opportunity to save is generated without having to make the initial investment effort, which for many families is an important limitation. The solar loan is proposed for a maximum term of up to 20 years, similar to the useful life of the installation.
To date, Perfecta Energía and Q-Impact have financed, through Perfecta Consumer Finance, more than 10 million euros in residential self-consumption installations for more than 1,500 households, generating an investment with a direct positive impact on family savings and on the reduction of the carbon footprint. With the securitization fund, the company hopes to further accelerate this investment in a financing model open to third parties.
InterMoney Titulización and Garrigues participated in the operation as advisors to Perfecta Consumer Finance, and Linklaters as legal advisor to Barclays Europe.
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