“We continue to focus on creating greater retained value through building and holding projects which generate steady electricity revenue and cash flow,” chief financial officer Teresa Tan told investors in a conference call on Wednesday. “As we build a portfolio to a critical mass, we will spin off the downstream business in a separate IPO.”
Trina’s confirmation, which will not surprise close observers of the company, comes as yieldco fever continues to grip the global renewables industry, and especially the solar sector.
