Wall Street sours on USD 9 billion mechanism for green projects

The yieldco business structure, which funnels dividends from solar and wind farms to investors, raised almost USD 8 billion in private equity during 2014 and 2015 but has failed to produce the same results since.

Photo: Colourbox

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 USD 7.9 billion in public equity in 2014 and 2015 but only USD 1 billion since then, according to Bloomberg New Energy Finance.

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