Pattern Energy, the wind-focused US yieldco, says it sees multiple avenues for continued growth even if its share price does not improve, and remains confident in its ability to hit its target of doubling its operating portfolio to 5GW by 2020.
A confluence of factors – including depressed oil and gas prices, the high-profile collapse of SunEdison, and most recently the election of Donald Trump – has weighed on the share price of renewables yieldcos over the past few years, dampening their ability to raise equity to buy new projects.
