In an SEC filing, the Canadian firm said it is looking at options to acquire the yieldcos of defunct solar developer SunEdison.
Tag Archives | YieldCo
Do the recent upheavals show up the vehicles as a bad way to raise capital for a young renewables energy market?
Brian Wuebbels, who has been SunEdison’s chief financial officer since 2012, is leaving to focus on the company’s yieldcos.
After SunEdison failed to ‘consummate the merger,’ Vivint Solar cancelled the deal and intends to seek legal reparations.
The yieldco hopes to distance itself from its distressed parent company under a restructured leadership team.
The renewable company will not drop any assets into its two yieldcos as it scales back its 2016 project guidance by nearly 1GW.
FTI Consulting is bullish on the global wind market, but offers a pretty bleak diagnosis of the long-term health of the yieldco model.
Yieldcos had a great run as growth stocks. But this summer’s crash highlights that, despite their name, private funds are better at preserving yield.
The Guy Hands-led firm is now targeting $500m for the vehicle, which it will seed with a $100m cornerstone commitment.
Yieldcos’ unquenchable thirst for assets, combined with their burgeoning growth rates, offer private fund managers an exit route for years to come.