Abengoa Yield PLC
SunEdison’s Solar Energy and Semiconductor Businesses
On December 2, 2016, GlobalWafers completed the acquisition of SunEdison Semiconductor for $683.0 million.
TerraForm Global: SunEdison’s Other Yieldco
SunEdison (SUNEQ) formed TerraForm Global in early 2015 to own and operate renewable energy assets in emerging markets.
TerraForm Power: SunEdison’s Investment Yield Vehicle
SunEdison (SUNEQ) launched a yieldco under the name SunEdison Yieldco in January 2014, which was renamed TerraForm Power in May 2014.
Yieldcos: Make Hay While the Sun is Shining
Unlike MLPs, yieldcos aren’t exempt from corporate taxes. Instead, they rely on depreciation and tax credits to minimize tax expenses.
Yieldcos With Organic Growth Prospects – Part 2
On the basis of agreed ROFO assets alone, TerraForm Power and 8Point3 Energy offer the best growth prospects.
Abengoa Yield: The Most Diversified Yieldco
Since its IPO, Abengoa Yield has paid dividends only twice. In 1Q15, the dividend dropped by 0.4 cents from 4Q14’s 25.92 cents a share.
Why Corporations Like SunEdison Sponsor Yieldcos
Renewable energy projects are costly affairs. Companies like SunEdison (SUNE) and First Solar (FSLR) expect to unlock substantial value through yieldcos.