Featured in A safe pair of hands – 08-2014

Solar goes public: The rise of yieldcos

Yieldcos: This summer has seen solar project developers join independent power producers in forming yieldco vehicles to hold solar and other renewable energy plants, large and small. By doing so, these companies are securing lower-cost capital as part of an ongoing reduction of costs in the solar industry.

By

Christian Roselund

11 Aug 2014

In late July, SunEdison’s new subsidiary TerraForm Power went public on the NASDAQ stock exchange. Priced at $25 per share with 23 million shares including underwriters’ options, this brought the company $533 million in net proceeds.SunEdison has done a lot of different things as a company, from making polysilicon for semiconductor applications under its previous incarnation as …

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