YieldCos: Understanding the Renewables Financing Bubble

Energy Gang

Wood Mackenzie

Tech News, Environment, Sustainability, Innovation, Renewable Energy, Technology, Alternative Energy, Energy, News, Cleantech, Wind Energy, Business, Climate Change, Solar Energy

4.6 • 1.3K Ratings

🗓️ 18 October 2015

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

When a slew of leading developers started forming YieldCos in 2013, they were hailed as a revolution in renewable energy financing. Not so much anymore. After enjoying a long surge in stock pricing, YieldCos have come crashing down -- some falling as far as 50 percent in value since July. Why did they all see such a dramatic reversal all at once? Is it that YieldCos are inherently risky? Or was there just an irrational exuberance that has leveled out? We'll answer those questions in this episode. We talk with finance expert Tom Konrad about how YieldCos are structured, why they were overvalued, what a market correction looks like, and whether they still represent the future of financing renewable energy projects. The Interchange is a brand new podcast available to GTM Squared subscribers. For one month, we’re giving away the show for free. Visit the http://www.greentechmedia.com/squared to find out more about our premium content. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Hello Energy Gang listeners. This week we are happy to give you another episode of The Interchange.
0:07.0	In this week's episode we're going to cover everything you want to know about Yield Coes.
0:12.0	It's a great conversation, but it's the last episode you're going to get for free for a while.
0:16.0	As you listen to this, think to yourself. Is it something I value?
0:20.0	Am I getting a piece of content that I can't get anywhere else?
0:23.0	Hopefully the answer is yes.
0:25.0	And if it is, head on over to greentechmedia.com slash squared
0:29.0	and sign up for GTM squared, our new premium service.
0:32.0	For 65 cents a day, you'll get a lot more than just
0:35.2	this podcast. We'll have deep dives from our editors, insights from our analysts, event
0:40.6	live streams, and discounts to our conferences.
0:43.4	The site again is Green Tech Media.com slash squared.
0:47.5	And now here's the episode. This is the interchange, a weekly conversation on the changing business of energy and clean
1:04.4	tech from GTM squared.
1:06.6	In this week's show, Yield Coes.
1:09.1	We're going to talk about how they work, why they've tanked in recent months, and whether or not they're the future of renewable
1:14.0	energy financing.
1:15.6	In Washington, D.C., I'm Stephen Lacy. joined by my co-host, Shail Khan, who is usually in
1:20.3	Boston, but now out in San Diego for the
1:24.0	EASNA storage conference how are you show
1:27.2	i'm great i'm looking out on the beautiful sunny san deagia harbor right now
1:31.4	and i guess i'll see you in san Diego in two weeks, right? I know. This is my fourth
	...

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