Renewables have a new spark, if investors stay interested
If you can't beat 'em, join 'em. In the past five years, the renewable energy sector has had to watch billions of dollars flow into midstream oil and gas, thanks to a decades-old tax break and the arrival of shale. But in the last year, some enterprising power companies have come up with a scheme of their own. The "yieldco," as it's informally known, offers a new home for renewable energy power plants, and to investors, it looks a lot like the midstream sector: pure catnip. Now, the question facing renewables advocates is this: How far can the yieldco go?