$1 trillion solar, wind finance to outstrip oil and gas industry


Listed finance vehicles for large-scale wind and solar projects are likely to rapidly overtake the oil and gas industry in the US, but may bypass Australia altogether if the Abbott government continues to send the wrong signals to investors.

Three of the biggest US renewable energy companies have already created YieldCos to underpin their large-scale project development. SunEdison has emerged as the largest renewable energy developer in the world with the creation of Terraform and its purchase of First Wind, and is now offering this to private investors, while SunPower and First Solar have combined to create another YieldCo vehicle known as 8point3 (the amount of time it take for the sunlight to reach the Earth).

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