NRG Yield (A) - 500 Beiträge pro Seite

[R-BgO]

...ist nach dem split jetzt wohl die Aktienklasse mit der größeren Stückzahl;

deswegen neuer Thread mit jetzt wieder richtiger WKN.

Alter Thread: NRG Yield, Inc. Increases Quarterly Dividend by 10% to $.33 Per Share

C-Aktie: http://www.wallstreet-online.de/aktien/nrg-yield-c-aktie

[R-BgO]

Antwort auf Beitrag Nr.: 51.536.367 von R-BgO am 20.01.16 11:23:58

Durchsicht 10k:

es gibt VIER! Aktienklassen, gehandelt werden aber nur A und C, während B und D wohl NRG vorbehalten sind;

da die Bilanzsumme in 2015 annähernd gleich geblieben ist, besteht zumindest die Chance auf eine Analyse mit Mindestaussagefähigkeit:

Umsatz 870 MUSD auf 7,8 Mrd.USD Assets => rund 11% Erlöse // andere sind oft schlechter
Gewinn 33 MUSD => 0,4% der assets, 2% aufs EK // lausig

Dividende inzwischen 22,5c pro Quartal => 6,5% p.a. bei aktuellem Kurs von 11,80
KBV 1,3


=> nicht billig, halte aber vorerst

[R-BgO]

Antwort auf Beitrag Nr.: 51.991.694 von R-BgO am 16.03.16 12:47:44

Dividende

inzwischen auf 25c erhöht

[R-BgO]

Antwort auf Beitrag Nr.: 53.699.883 von R-BgO am 15.11.16 18:09:04

inzwischen sogar 28c,

trotzdem heute bis aufs Erinnerungsstück verkauft;

mir scheint, dass sie effektiv Substanz ausschütten...

[R-BgO]

NRG Yield Announces New Sponsorship with Global Infrastructure Partners and Agreements on Next Drop Down Transactions

* Global Infrastructure Partners (GIP) to Become NRG Yield’s Controlling Stockholder

* GIP Acquires NRG’s Renewables Platform, Including 6.4 GW of Backlog and Development Pipeline

* NRG Yield Announces Binding Agreements with NRG Energy to Acquire Both the 154 MW Buckthorn Solar Project and the 527 MW Carlsbad Energy Center

* NRG Yield to Hold Conference Call and Webcast at 9:00 a.m. Eastern Standard Time Today


PRINCETON, N.J.--(BUSINESS WIRE)--Feb. 7, 2018--

NRG Yield, Inc. (NYSE: NYLD, NYLD.A) today announces that Global Infrastructure Partners (“GIP”), a leading global independent infrastructure investor, has entered into a binding agreement (the “Transaction”) to acquire NRG Energy Inc.’s (NYSE: NRG) full ownership interest in NRG Yield and NRG’s renewable development and operations platform. With over $45 billion in assets under management and approximately $9 billion of equity invested or committed in the renewable energy sector, GIP provides NRG Yield with a leading sponsor with substantial financial resources to accelerate development of the next generation of drop down projects.

GIP has deep experience as a sponsor of publicly traded vehicles in the energy and power sectors and has the unique ability to enhance NRG Yield’s long-term growth opportunities and access to capital. Furthermore, GIP’s demonstrated commitment to the expansion of renewables globally aligns its economic interests with those of NRG Yield’s public shareholders.

NRG Yield is also announcing today the next set of drop down transactions with NRG through the execution of definitive agreements to acquire both the 154 MW Buckthorn Solar Project and the 527 MW1 Carlsbad Energy Center for a combined $407 million in total consideration with annual expected cash available for distribution (“CAFD”) of $44 million beginning in 20192.

“Under NRG Energy’s sponsorship, since its IPO in July 2013, NRG Yield has experienced tremendous success with an increase of 186% in cash available for distribution from $91 million to $260 million and an expansion of NRG Yield’s quarterly dividend per share by 150% to $1.15 per share annualized at the end of 2017,” said Christopher Sotos, President and Chief Executive Officer of NRG Yield. “With today’s announcement, NRG Yield can now look forward to its next phase of growth, including solidifying near-term objectives through the most recent drop down transactions and, most importantly, aligning with GIP, whose strategy and breadth of global investment capabilities are well suited to our business model and long-term objectives.”

Adebayo Ogunlesi, Chairman and Managing Partner of GIP, said, “We are excited to announce the acquisition of NRG’s world-class renewables business. We view each of the three acquired businesses – the NYLD stake, the O&M business, and the development business – as highly complementary and well positioned to capitalize on the increasing market demand for low cost, clean energy. We look forward to working with management to develop new renewable generation assets and to supporting the company with our deep operating and financial expertise in the sector. We are also excited about the opportunity to grow the value of NYLD, which allows public market investors to access attractive investments in renewable energy.”


Strategic Sponsorship with Global Infrastructure Partners (GIP)

On February 6, GIP entered into a purchase and sale agreement with NRG for the acquisition of NRG’s full ownership interest in NRG Yield and NRG’s renewable energy development and operations platform consisting of a robust pipeline of over 6.4 GW3 of backlog and development projects, as well as operational oversight of 2.4 GW across 17 states. The Transaction is subject to certain closing conditions, including customary legal and regulatory approvals. NRG Yield expects the Transaction to close in the second half of 2018.

In connection with the Transaction, NRG Yield entered into a Consent and Indemnity Agreement (the “C&I Agreement”) with NRG and GIP setting forth the key terms and conditions of NRG Yield’s Corporate Governance, Conflicts and Nominating Committee’s consent to the Transaction. Key provisions of the C&I Agreement include:


Minimized Impact to CAFD from Potential Change in Control Costs

To mitigate the impact of potential change of control costs on annual CAFD, NRG Yield’s consent to the transaction is conditioned upon:

There being no more than $10 million in reduced annual CAFD on a recurring basis that would result from changes in NRG Yield’s cost structure or any impact from various consents (but excluding the impact of certain non-recurring costs);

NRG having agreed to indemnify NRG Yield and its project companies for any increase in property taxes at NRG Yield’s California-based solar projects resulting from the Transaction.
Enhanced ROFO Pipeline

In addition to the accelerated drop down transactions with NRG Energy described below, upon the closing of the Transaction:

NRG Yield will enter into a new Right of First Offer (ROFO) Agreement with GIP that immediately adds 550 MW to the current pipeline through the operational 150 MW Langford Wind project and the under-development 400 MW Mesquite Star Wind project4;

The ROFO Agreement with NRG will be modified with the removal of the Ivanpah solar facility. The remaining interest in Agua Caliente remains a ROFO asset;

In addition, GIP’s acquisition of NRG’s Renewable development platform includes 6.4 GW of backlog and pipeline development projects5 and as part of the Transaction, GIP has invested in safe harbor equipment to support up to 280 MW of repowering opportunities at the NRG Yield portfolio.


Financial Cooperation and Support

GIP has arranged a $1.5 billion backstop credit facility to manage any change-of-control costs associated with NRG Yield’s corporate debt;

GIP has committed to provide up to $400 million in financing support for the Carlsbad Energy Center drop down transaction (as more fully described below). This commitment would be exercised if NRG Yield were unable to efficiently raise third party capital by the closing of the Carlsbad transaction and would entail GIP acquiring the project directly from NRG to be dropped down to NRG Yield in the future subject to similar terms and conditions.


Maintenance of Independence Governance Structure

No change in charter of the Independent Conflicts Committee;
No incentive distribution rights (IDRs); and
Management team of NRG Yield to continue to be independent.


GIP as a Sponsor

Founded in 2006, GIP is an independent infrastructure fund with over $45 billion in assets under management that invests in infrastructure assets and businesses in both OECD and select emerging market countries. GIP targets investments in single assets and portfolios of assets and companies in power and utilities, natural resources infrastructure, air transport infrastructure, seaports, freight railroad, water distribution and treatment and waste management.

GIP has a strong track record of investment and value creation in the renewable energy sector with a portfolio that now includes approximately $9 billion in equity committed or invested, 8 GW of operating renewable assets, and over 14 GW of renewable assets under construction or in development. Additionally, GIP has extensive experience with publicly traded yield vehicles and development platforms, ranging from Europe’s first application of a YieldCo/DevCo model to the largest renewable platform in Asia-Pacific.

GIP has offices in New York and London, with an affiliate in Sydney and portfolio company operations headquarters in Stamford, Connecticut. For more information on GIP and today’s announced transaction, visit www.global-infra.com and www.global-infra.com/news1.php, respectively.


Drop Down Transactions with NRG Energy

Binding Agreement to Purchase Buckthorn Solar Project

On January 24, NRG Yield signed a binding agreement to purchase the 154 MW Buckthorn Solar Project for cash consideration of $42.3 million plus assumed non-recourse project debt of $131 million. The purchase price for the Buckthorn Solar Project will be funded with cash on hand and revolver borrowings, and is expected to increase CAFD on an average annual basis by approximately $4 million beginning in 20196. The transaction is expected to close in the first quarter of 2018.

Binding Agreement to Purchase the Carlsbad Energy Center

On February 6, NRG Yield signed a binding agreement to purchase the 527 MW7 Carlsbad Energy Center for cash consideration of $365 million8, excluding working capital and other adjustments, plus assumed non-recourse project debt of $601 million at completion. The agreement to acquire Carlsbad is subject to the closing of the Transaction between NRG and GIP. If the Transaction does not close, Carlsbad would revert back to the NRG ROFO pipeline. The project is expected to increase CAFD on an average annual basis by approximately $40 million beginning in 20199.

Because the project is not expected to close until the fourth quarter of 2018, the Carlsbad transaction includes a number of other terms and conditions, including:

Adjustments to the purchase price subject to (a) final tested capacity, (b) final tested heat rate, and (c) insurance costs;

NRG Yield’s stock price prior to funding.

As described above, in the event NRG Yield is not able to efficiently raise capital by closing of the Carlsbad transaction, NRG Yield has the option to exercise the backstop commitment with GIP.

[R-BgO]

gestern wurde mein Erinnerungsstück ausgebucht und dafür habe ich eine neue Clearway Energy-Aktie bekommen;

neue WKN ist bereits in diesem Thread hinterlegt

[R-BgO]

Antwort auf Beitrag Nr.: 58.746.112 von R-BgO am 20.09.18 09:40:50

Namensänderung jetzt auch;

neues Projekt: https://www.pv-tech.org/news/clearway-signs-ppa-for-75mw-of-…

"San Francisco-headquartered firm Clearway Energy Group has signed power purchase agreements (PPAs) with utility Hawaiian Electric Company for two solar-plus-storage projects on Oahu, Hawaii, with a combined PV capacity of 75MW."

[cd-kunde]

Clearway Energy (CWEN -5.6%) sinks after Guggenheim downgrades shares to Sell from Neutral with an $11 price target, cut from $17, and lowers its forecast for 2019 EBITDA to $818.6M from $1.07B previously.

Following discussions with CWEN management and key stakeholders, the firm expects the company to announce a dividend cut in the next few days, adding that "at a minimum" the company's cash may be "locked up at the project level for a pronounced period of time."

Die A-Shares inzw. unter 13 USD.

[cd-kunde]

Dividendenkürzung auf 20 Cent/Quartal.

http://investor.nrgyield.com/phoenix.zhtml?c=251846&p=irol-n…

[R-BgO]

sieht inzwischen gar nicht mal so unattraktiv aus...