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Industry officials expect to see several developers to pursue yield company structures in the next year following the success of NRG Energy and Pattern Energy's breakthrough deals.
"It is hard not to be impressed with what NRG has accomplished," said Craig Orchant, co-founder and partner at advisory firm EA Markets, referencing the launch of NRG Yield in July (PI, 7/18). "The public markets reaction to renewables has been very positive."
NRG's initial public offering was closely followed by Pattern Energy, which hit the market in September with a yieldco (PI, 9/10). Yieldcos are special purpose vehicles that are backed by operating...