USA:

Enel Putting Final Touches on Yieldco for U.S. Renewable Assets (Bloomberg)

Enel SpA is putting the final touches on a yieldco that would hold its U.S. renewable energy assets, including geothermal power plants, making it the latest power-plant owner to opt for a structure that frees up capital.

The company won’t seek to publicly list the yieldco, which may be announced in weeks, Chief Executive Officer Francesco Starace said in an interview Tuesday at Bloomberg headquarters in New York. Creating a publicly traded entity makes a “monster that you have to feed,” requiring constantly added assets to feed the market’s need for growth.

Enel Green Power SpA, majority owned by Rome-based Enel, holds projects in operation and under development in 21 U.S. states, including wind, solar, hydropower and 72 MW of geothermal, according to the company’s website.

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