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First Solar, SunPower Plan to Partner to Form Joint YieldCo Vehicle

Expect to contribute a portfolio of selected solar generation assets from their existing portfolio of assets

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. and SunPower Corp. announced that they are in advanced negotiations to form a joint YieldCo vehicle to which they each expect to contribute a portfolio of selected solar generation assets from their existing portfolio of assets.   Upon the execution of a master formation agreement, the parties intend to file a registration statement with the Securities and Exchange Commission for an initial public offering of limited partner interests in the YieldCo (IPO). Formation of the Yi...

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