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No sooner had the rash of renewable-energy yieldco listings broken out last summer across stock exchanges in New York, Toronto and London than some observers were dismissing the phenomenon as a passing fancy.

IN DEPTH: The yieldco phenomenon

No sooner had the rash of renewable-energy yieldco listings broken out last summer across stock exchanges in New York, Toronto and London than some observers were dismissing the phenomenon as a passing fancy.

No sooner had the rash of renewable-energy yieldco listings broken out last summer across stock exchanges in New York, Toronto and London than some observers were dismissing the phenomenon as a passing fancy.