Renewable energy project YieldCos emerge
The use of 'YieldCos' has been a topic of significant interest in renewable energy finance circles ever since December 2012 when NRG Energy incorporated NRG Yield, which then subsequently undertook an IPO in July 2013 to raise the capital required to acquire a portion of NRG Yield LLC from NRG Energy Inc. Since the NRG transactions, TransAlta Corporation completed an IPO of its YieldCo subsidiary, TransAlta Renewables, and Pattern Energy Group LP completed an IPO of its YieldCo subsidiary, Pattern Energy Group Inc.
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