Dive Brief:

• SunEdison plans to spin off some of its solar assets in an initial public offering next year, the company's chief financial officer told Reuters.
• The SunEdison Yield Co. IPO, targeted for the second quarter next year, could raise $300 million, which the solar developer would use to fund new projects.

Dive Insight:

NRG Energy spun off some of its fossil-fueled and renewable assets earlier this year in an IPO for NRG Yield. Canadian Solar and First Solar are also looking at the possibility of taking similar steps with an eye toward lowering their capital costs.

SunEdison, which expects to build about 1,000 MW next year, has been looking at various financing options to support its growth. The company's financial team is “working to develop debt securitizations, yield vehicles and other structures that will enable us to grow our portfolio of projects while utilizing third-party capital and enjoying the benefits of a repeatable, reoccurring revenue stream,” Brian Wuebbels, SunEdison chief financial officer, told analysts on a conference call earlier this month.