Wall St sours on mechanism to fund green projects

New York

WALL Street investors have gone cold on one of the main mechanisms banks invented to fund the green-energy revolution.

The business structure, known as the yieldco, feeds dividends from operating solar and wind farms to investors. Yieldcos raised US$7.9 billion in public equity in 2014 and 2015 but only US$1 billion since then, according to Bloomberg New Energy Finance (BNEF).