TerraForm buys 320 MW, Batteries for trains: pvMB 10/3/19
Hello one an all! It’s Thursday and we have an MB just for you. Today we’ll be looking at Sun Tribe Development naming a CEO, Yotta winning Startup of the Year, Chinese PV makers challenging anti-subsidy rates for PV and more!
TerraForm Power snatches up 320 MW of DG solar + fuel cells
The acquisition will bring TerraForm’s distributed generation portfolio to around 750 MW, making it one of the largest owners of behind-the-meter solar in the nation.
Terraform Global refinancing suggests yieldco health
The yieldco has refinanced a 9.75% debt package due in 2022 into a 6.125% debt package due in 2026. The financing covers various portions of just over 1GW of solar, wind and hydro projects.
SunEdison emerges from bankruptcy as Brookfield closes on TerraForm Global
The long and tragic collapse of SunEdison has finally come to an end, and Brookfield now owns both of its former yeildcos.
TerraForm Power closes $1.2 billion bond deal
The funds from the transaction will be used to pay off $950 million in notes due in 2023.
TerraForm Power announces billion-dollar bond refinancing
The yieldco is planning to replace $950 million in bonds due 2023 with $1 billion due up to 10 years from now, as its second major move this month to restructure its finances.
SunEdison to sell up to $417 million in TerraForm stock
The company stands to make a pretty penny by getting out of TerraForm Power.
TerraForm Power refinances with $350 million term loan facility
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.
Shareholder vote puts Brookfield closer to TerraForm Global acquisition
Settlement of securities lawsuits is the final step before the Canadian asset manager can consummate the acquisition of the second of SunEdison’s former yieldcos.
TerraForm seeks to restructure debt with $300 million loan
Fresh on the heels of its the close of its acquisition by Brookfield, the yieldco is seeking to restructure its debt.
