While the number of renewables-related yieldcos has been growing in the US for a number of years – starting by many accounts with Brookfield Renewable Energy Partners – the trend has picked up pace over the past year, underscored by the launch of NRG Yield onto the New York Stock Exchange last summer.

For companies like NRG or Abengoa, the launch of a yieldco offers a way to raise relatively cheap money on the capital markets to invest in new projects.

Yieldcos