Joint venture with GE is better than a yieldco, says EGP boss

Earlier this year, EGP sent first signals of its intention to sell a stake in some of its North American renewables projects, with an eye towards freeing up capital for new ventures. The company insisted, however, it would not follow peers like NextEra and Abengoa in launching a publicly listed yieldco.

At the end of March, EGP revealed its plan: it would create a new company (known as EGPNA Renewable Energy Partners), seed it with a 760MW portfolio of US assets and privately sell a 49% stake to an outside investor for $440m.

But