The Article is devoted to the study of a new type of investment instrument - Yield Companies (YieldCos). Yieldсos activities are focused primarily on the interests of stakeholders, (investors). They attract funds to promising environmental projects (namely, the development of renewable energy sources), and thus provide a combination both of high dividend yield and high profit growth. These characteristics are attractive for pension funds that currently lack investment tools to meet their obligations. Objective: to assess the investment potential of YieldCos as an innovative investment tool and identify the risks that may arise in connection with their use.