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An unidentified European investment bank is looking to securitize its exposure to wind power generation loans in order to mitigate risk and free up capital for new deals.
An unidentified European investment bank is looking to securitize its exposure to wind power generation loans in order to mitigate risk and free up capital for new deals. The structure is akin to a collateralized loan obligation, but no deals have been done before to offload wind exposure.
The deal is also being driven by the desire of banks to shed exposure to the smaller developers that dot the wind...