As Yieldco Buying Slows, Clean Energy Plants Attract Old Buyers
- Share prices for public yieldcos have slumped this year
- `Yieldcos went from being aggressive to non-buyers' of assets
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Yieldcos have pulled back from purchasing clean-power projects after their market values slumped, creating more space for utilities, private equity companies and other investors that have long been acquirers of wind and solar farms.
“Yieldcos went from being aggressive to non-buyers, so prices came up to make things work for other players,” Ed Feo, president of the Glendale, California-based renewable energy developer Coronal Group LLC, said in an interview Friday. “The buyer landscape is largely the same -- except for the non-participation of yieldcos.”