SunEdison yieldco No.2 starts IPO, plans $800m 'green bonds'

TerraForm Global will use the proceeds of the bonds to help finance future investments in renewable energy, said a statement.

TerraForm Global was announced in May by SunEdison as its second yieldco, with a remit to focus on developing renewable energy markets.

SunEdison – which has rapidly emerged as one of the world’s most ambitious renewable energy companies – already has one listed yieldco, the US-focused TerraForm Power, which has been trading in New York since July 2014 and has seen its shares gain more than 12% in value since then.

The