Wednesday, 20 July 2016

Securitization: The Next Big Thing in Solar Energy Financing (Varun Sivaram, CFR)

Recent headlines from the solar energy industry have been bleak. SunEdison—a solar developer which just a year ago aspired to join the ranks of multinational oil companies as an energy “supermajor”—declaredbankruptcy in April, after wiping out $9 billion in market value. And the share prices of Yieldcos, the financial vehicles which promised to tap vast capital markets to finance renewable energy projects, have plummeted as well. Last year, I wrote that Yieldcos’ aggressive growth targets and financial model made them vulnerable to the vicious downward spiral that has played out.

http://blogs.cfr.org/levi/2016/07/19/securitization-the-next-big-thing-in-solar-energy-financing/

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