Guggenheim: Sale of CAFD, NYLD casts doubt on the yieldco space
A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
TerraForm Power refinances with $350 million term loan facility
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.
U.S. power company NRG continues moving into solar during Q1
Despite a challenging financial environment, NRG continues its solar expansion, including an increasing presence in community solar.
First Solar seeking sale of its share in yieldco 8point3 Energy
The Arizona-headquartered solar power company wants to strategically align its resources to support its new Series 6 module, and thus seeks sale of its stake in the joint SunPower yieldco. SunPower reaffirms belief that the yieldco can deliver long-term assets and growth.
BREAKING: Brookfield to take over TerraForm Power, Global
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
NextEra builds 2.5 GW of wind and solar in 2016
The Florida power company’s results call indicate very rapid activity over the last year, and NextEra expects a similar rate for future development, along with dividend growth.
TerraForm Power expects to break even in 2017
In a conference call the yieldco says that sale of 376 MW of solar projects in the UK is at an advanced stage, and gave additional information on financial metrics.
