TerraForm Power and TerraForm Global, the US-based yieldcos whose fates were greatly complicated by the bankruptcy of controlling shareholder SunEdison, expect to become “operationally independent” by January.
The yieldcos this week warned investors that they expect to suffer large net losses in 2016 and will have “substantially lower” cash available for distribution (CAFD) to their yield-seeking investors than was expected before SunEdison’s bankruptcy filing this spring.
But
