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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 initial irrational exuberance that has since 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.
Recommended reading from Tom Konrad:
How Much Can Clean Energy YieldCo Dividends Grow?
Are YieldCos Overpaying for Their Assets?
5 Clean Energy YieldCos You May Not Have Heard About
Why This German Solar Executive Is Skeptical About American YieldCo Assumptions
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