Yieldcos

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$25.3 Billion For Corporate Solar Sector Funding In 2015

According to a report from Mercom Capital Group, the amount of global corporate funding in the solar sector in 2015 was $25.3 billion. This figure was down slightly from $26.5 billion in 2014. Some of funding sources were: debt financing, public market financing, yieldcos, and venture capital/private equity (VC). “Overall it was a good year for […]

January 13th

SunPower Reports Strong Quarter, Despite Net Loss

US solar panel manufacturer SunPower revealed a strong Q3 despite a lack of revenue growth and a net loss. These may sound like contradictory statements, but SunPower is currently in the midst of moving towards a different financial model that focuses more on retaining assets rather than selling them — subsequently impacting the quarterly revenues […]

October 29th

SunEdison Creates $1 Billion Construction & Operating Asset Facility

SunEdison has announced that they will form a new $1 billion warehouse investment vehicle that will fund construction costs and acquire operating assets. The decision comes on the heels of an odd market response to SunEdison’s record second quarter growth. SunEdison, the world’s largest clean energy developer, announced its second quarterly earnings earlier this month, including […]

August 19th

SunEdison & TerraForm Power Successfully Syndicate $280 Million Warehouse Loan

SunEdison, the world’s largest renewable energy development company, announced on Wednesday, in partnership with its yieldco, TerraForm Power, that it had successfully raised the necessary $280 million 7-year loan facility of TerraForm Private Warehouse. The offering was oversubscribed, and in the end was eventually placed “with a diverse group of institutional investors.” The loan will […]

August 14th

TerraForm Global Raises $675 Million In IPO

SunEdison has revealed that the IPO for its newest endeavour, TerraForm Global, raised $675 million for the new company. Originally announced back in May, TerraForm Global is SunEdison’s “emerging markets yieldco subsidiary,” which will be “formed to own and operate contracted clean power generation assets in attractive, high-growth emerging markets.” SunEdison made available 45 million […]

August 4th

SunEdison Breaks Ground On 110 MW Solar Project In Chile

SunEdison has announced financial closure and beginning of construction on the 110 MW Quilapilun solar power plant in Chile. SunEdison, the world’s largest renewable energy development company, revealed earlier this week that it had secured a $160 million, long-term, non-recourse debt financing arrangement with CorpBanca, one of the largest commercial banks in Chile, and DNB, […]

July 31st

Yingli Eyes Public Funding Through Project Bonds

China’s Yingli Green Energy has taken the yieldco approach for renewable energy project development to a new level. The company has launched bonds for specific projects to attract public funding. Yingli Green Energy recently announced bonds for a 4 MW solar photovoltaic (PV) power plant operational in China’a Hebei province. The bond issue is open for […]

July 15th

ITC Reduction Won’t Hurt Yieldcos, Deutsche Bank Reports

Almost across the board, it is expected that the phasing out of the federal investment tax credit (ITC) for solar will result in a big drop in US solar power installations… unless it is renewed, of course. However, one segment of the market that may be nearly immune to the drop of the 30% tax credit to […]

July 11th

Canadian Solar Plans Yieldco Investment Vehicle For US Stock Market

Announcing plans to launch its first global yieldco investment structure, Canadian Solar anticipates the IPO may be available on a US Stock Exchange as early as the fourth quarter of 2015. Dr Shawn Qu, chairman and CEO of Canadian Solar, spoke recently about the new yieldco investment product under development. “We have been reviewing various options to […]

March 19th