23 Feb '15, 9pm

Major US rivals First Solar and SunPower to form YieldCo

Partners in arms. First Solar and SunPower have issued a brief statement saying that they were in advanced negotiations to form a joint financial YieldCo vehicle Updated. First Solar and SunPower have issued a brief statement saying that they are in advanced negotiations to form a joint financial yield-co vehicle to contribute PV power plants projects from their existing portfolio of assets. Both companies have come under increased pressure form the financial analyst community to separately announce yield-co plans in response to the like of SunEdison that has pioneered the system to obtain low cost finance for building PV power plants. Subject to a final agreement the companies intend to file a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering. Further details on the potential IPO were not disclosed. Both companies are ...

Full article: http://www.pv-tech.org/news/major_us_rivals_first_solar_a...

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First Solar and SunPower Plan to Form Joint-Venture Yieldco

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