EnergyWatch

US rooftop solar makes South Africa's Investec the go-to bank

The US rooftop solar industry is now mostly funded by one South African bank which only entered the market two years ago.

Photo: Mainstream Renewable Power

A South African bank has become the go-to funding source for the US rooftop solar industry just two years after entering the market.

Investec Plc arranged USD 880 million in debt financing for rooftop solar developers and financiers in 2016. That's more than half of the USD 1.5 billion bank debt raised last year, according to Bloomberg New Energy Finance.

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