David Riester of Lacuna Sustainable Investments, looks at how, on the journey from concept to monetized power plant, renewables and energy storage projects tend to get tugged toward ‘zero’ margin, from either direction. The further the rubber band is stretched, the stronger the pull back toward zero.
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.
The troubled yieldco has managed to raise additional capital for four solar projects in Canada, as we wait on word of its settlement with SunEdison and potential sale to Brookfield.
The two yieldcos have entered into an exclusive agreement with Brookfield towards a purchase of the company, and entered into an MOU with SunEdison towards settling lawsuits to enable this sale.
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