Renewable Yieldcos Offer ‘Cheapest’ Equity, Abengoa Says
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Renewable-energy companies are showing increasing interest in creating “yieldcos,” a strategy that may provide cheap capital, according to Abengoa SA’s chief executive officer.
The yieldco concept is hitting “critical mass,” Manuel Sanchez Ortega said in an interview yesterday in New York. The Seville, Spain-based energy company filed April 1 to form a yieldco unit in the U.S. through an initial public offering.