Some of the leading global pension funds are vying for a stake in the latest renewable energy yieldco offering in India. According to media reports, Canadian pension fund British Columbia Investments (BCI) and Dutch pension fund APG Asset Management are among several investors looking to acquire a stake in Mahindra … [continued]
Private equity firm KKR-backed renewable energy infrastructure investment trust has raised $290 million worth of debt funding from multiple sources. Virescent Renewable Energy Trust announced that it raised Rs 21.5 billion ($290 million) through a combination of non-convertible debentures (NCD), long-term and working capital financing. Around $134 million was secured … [continued]
One of India’s leading renewable energy companies — Tata Power Renewable Energy — has announced plans for a public listing of its infrastructure investment trust or yieldco. The news of possible public listing of the yieldco comes just days after multiple media outlets reported that talks to onboard Malaysian petroleum … [continued]
One of India’s leading private sector power companies is the latest to reportedly consider setting up a yieldco.
Faced with uncertain funding environment, falling tariff rates, and an unpredictable revenue stream from buyers, Indian developers have backtracked plans to launch initial public offerings.
8point3 Energy Partners, the yieldco set up in 2015 by First Solar and SunPower, has entered into a Plan of Merger and Purchase Agreement with CD Clean Energy and Infrastructure V JV, LLC, an investment fund managed by Capital Dynamics, in a deal expected to represent about $977 million in equity value and about $1.7 billion in enterprise value.
Both of SunEdison’s TerraForm yieldcos have announced that they have entered into exclusive talks with Canadian Brookfield Asset Management to discussion a potential acquisition of the yieldcos for as much as $2.46 billion.
Less than a week after TerraForm Power and Global threw their parent company SunEdison under the bus, it has hit back with a passive aggressive press release that 16-year-olds the world over will be learning from for many years to come. Late September, SunEdison’s two yieldcos — TerraForm Power and … [continued]
Indian regulatory bodies are planning to allow the listing of yieldcos for renewable energy companies, as investment in the clean energy sector is set to increase rapidly. The Securities and Exchange Board of India (SEBI) has reportedly prepared norms for listing renewable energy yieldcos on the country’s stock exchange. The … [continued]
The Fall issue of the North America Renewable Energy Brief targets the simple question, “what’s next for Yieldcos?” And the future isn’t looking as bright as we had originally thought. Published by CohnReznick — one of the top accounting, tax, and advisory firms in the US — “What’s Next for … [continued]
