The ‘Rubber-Band Effect’ on renewable energy project margins
On the journey from concept to monetized power plant, renewable/storage projects tend to get tugged toward “zero” margin (from either direction); and the further the rubber band is stretched, the stronger the pull back toward zero.
Terraform Global refinancing suggests yieldco health
The yieldco has refinanced a 9.75% debt package due in 2022 into a 6.125% debt package due in 2026. The financing covers various portions of just over 1GW of solar, wind and hydro projects.
Guggenheim: Sale of CAFD, NYLD cast doubt on the yieldco space
A research note by Guggenheim Securities says that the recents sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
NRG to sell renewables business, NRG Yield to Global Infrastructure Partners
The power giant is going from being a renewable energy pioneer to largely quitting the market.
Shareholder vote puts Brookfield closer to TerraForm Global acquisition
Settlement of securities lawsuits is the final step before the Canadian asset manager can consummate the acquisition of the second of SunEdison’s former yieldcos.
NRG Yield shows modest progress in Q3
The yieldco has closed on a drop-down of 38 MW of solar from NRG, and formed an investment partnership in $50 million of community solar projects.
Southern company to sell stakes in up to 26 solar projects
The power giant’s money needs include funds to complete the troubled Vogtle nuclear project, and is looking to sell a 1/3 share in up to 1.7 GW of solar assets that it owns.
Brookfield closes on TerraForm acquisition
The Canadian asset manager has officially taken over one of SunEdison’s yieldcos, as TerraForm Global sets a date for a shareholder vote on its acquisition.
Shareholder vote clears the way for Brookfield acquisition of TerraForm Power
The pioneering solar & wind yieldco will be majority owned by Brookfield on October 16, and a shareholder vote for fellow yieldco TerraForm Global appears to be underway.
SunPower to sell its stake in 8point3
The high efficiency PV maker has decided not to find a replacement for fellow sponsor First Solar, and instead to get out of the yieldco business.
