Italy's Enel readies a yieldco, but 'won't list shares'

An announcement on the yieldco may come within weeks, according to Enel chief executive Francesco Starace, who made the comments in an interview with Bloomberg.

But Enel, the Italian power giant, will not follow companies like SunEdison and Abengoa in publicly floating shares of the yieldco because doing so creates a “monster that you have to feed”, Starace says.

It was not immediately clear which assets or how much capacity will be put into the yieldco.