Sentences with phrase «from yieldco»
First Solar is also planning to withdraw from yieldco 8point3 Energy Partners, which it jointly sponsors with SunPower.
https://pv-magazine-usa.com/
First Solar is also planning to withdraw from yieldco 8point3 Energy Partners, which it jointly sponsors with SunPower.
Yieldcos involve wind and solar projects and the financial benefits project owners can derive from Yieldcos.
Not exact matches
First Solar pulled back from 8point3 as it decided to chose to undergo the massive retooling to move to Series 6, and now the yieldco is undergoing a strategic review to decide what path to take forward.
Yieldcos are publicly traded units that hold renewable energy assets such as solar power plants and wind farms, including those bought from the sponsor or the parent company.
Mr. Shaw was previously an Associate with the firm before earning an MBA from the Tuck School of Business at Dartmouth and subsequently participating in the Management Leadership Development Program at SunEdison, where he focused on investment and financing activities at the TerraForm YieldCo affiliate.
8Point3 Energy Partners LP (NASDAQ: CAFD) was initially founded as a joint venture yieldco between First Solar, Inc. (NASDAQ: FLSR) and SunPower Corporation (NASDAQ: SPWR) with the intention of buying solar assets from both entities and then paying up to 80 percent as a dividend.
Though yieldcos are still a minute slice of American business, their number doubled to six from 2013 to 2014, according to a recent report from Deloitte that projects they will continue to grow (EnergyWire, April 21).
In response to First Solar's statement, SunPower confirmed that it will coordinate with First Solar on this review of the yieldco, with SunPower CEO and president Tom Werner stressing: «We will work with our financial advisors to evaluate all alternatives for our investment in 8point3, including a potential replacement partner for First Solar, as we believe 8point3 can continue to benefit from owning long - term, high quality renewable assets.»
UK yieldcos, publicly listed companies that own operational renewable energy projects, are delivering good returns for investors and outperforming US equivalents, according to a report from Imperial College Business School.