Spanish renewables group Acciona 'rethinks US IPO plan'

Acciona and new investment partner KKR set out plans for an IPO last June, when the latter took a one-third stake in the Spanish group’s Acciona Eneregia International (AEI) unit and its 2.3GW of operating assets.

It was envisaged that a listing would be in the US, where AEI would join a string of other yieldco entities set up to lure investors to the long-term, guaranteed returns of operating renewables plants.

But