An Avangrid Yieldco? CEO Says ‘Maybe’ After years of lackluster growth, renewable energy yieldco stocks recovered in dramatic fashion in 2019 — and Avangrid, one of the largest U.S. renewables operators, is paying close attention. Avangrid is open to the idea of launching its own separately listed yieldco company to house its huge portfolio of wind farms, chief executive James Torgerson said Wednesday. “With the yieldco market doing better, it’s something to at least think about,” Torgerson told analysts on an earnings call. “It’s obviously something we’re going to take a look at.” In addition to its collection of electric and gas utilities in the Northeast, Avangrid has long been one of the country's leading developers and operators of wind farms. The company owns around 6 gigawatts of operating renewables capacity, and built another 800 megawatts of onshore wind last year, trailing only Berkshire Hathaway Energy and NextEra Energy in annual additions. Through its Vineyard Wind joint venture, Avangrid is playing a leading role in the emerging U.S. offshore market.