Solar Yieldcos Hit a Bump as $242 Million IPO Pulled in France
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The business model known as yieldcos that raised $5 billion for the solar industry in the past year hit a road bump as a French developer halted plans for an initial public offering.
Solairedirect SA postponed its 217 million-euro ($242 million) share sale, which was due to be completed this week, after investors balked at funding developments in places where there is no government subsidy.