Verdure Targets More Sales of Securities Backed by Rooftop Solar


The Johannesburg-based fund, backed by German state development bank KfW, sold 229 million rand ($13 million) of the bonds from its portfolio of loans used to erect 159 rooftop solar installations, on Nov. 7. It aims to sell at least 300 million rand of the securities every year for the next decade, said David Johnson, one of Verdure’s co-directors.



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