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People Moves 25 November including Crédit Agricole, Janus Henderson, M&G and more...

European yieldcos eye further expansion

Three European renewable energy investment firms, with a focus on generating high dividend payouts, have announced plans to raise substantial amounts of new capital.

JLEN to raise £40m

John Laing Environmental Asset Group (JLEN) is set to raise £40 million ($50 million) through a share placement to repay its credit facility and invest in a pipeline of wind, biomass and anaerobic digestion projects

People moves: JLEN, Cornerstone, Pimco

John Laing Environmental Assets Group's (JLEN) David Hardy will leave the UK yieldco and transfer internally to its sister company focused on infrastructure public private partnership projects, John Laing Infrastructure Fund Limited (JLIF).

Yieldco JLEN raises £55.6m

UK yieldco John Laing Environmental Assets Group (JLEN) has raised £55.6 million ($69.1 million) by selling new shares.

Yieldco JLEN to raise £150m

UK yieldco John Laing Environmental Assets Group (JLEN) plans to raise more than £150 million ($190 million) by selling new shares.

EF BRIEFS: Moringa, MidAmerican Energy, JLEN

Moringa, a European agro-forestry fund, has bought an equity stake in TexBel, a Belizean company specialising in the production of coconut water and citrus fruits.

EF BRIEFS: Gaelectric, ADB, JLEN

Gaelectric has secured a €38 million ($42 million) financing package from Allied Irish Bank for the construction of two Irish wind farms.

The growing pains of UK yieldcos

Weakening policy support and uncertainties caused by Brexit are among the challenges faced by the fledgling asset class. But it remains resilient, reports Peter Cripps

The four potential impacts of Brexit on UK yieldcos

The UK's decision to abandon the EU will have four potential impacts on yieldcos, according to the head of one of the six vehicles listed in the country.