Wall St sours on mechanism to fund green projects
The business structure, known as yieldco, has lost favour following recent headwinds
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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).
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