The Canadian asset manager has officially taken over one of SunEdison’s yieldcos, as TerraForm Global sets a date for a shareholder vote on its acquisition.
The pioneering solar & wind yieldco will be majority owned by Brookfield on October 16, and a shareholder vote for fellow yieldco TerraForm Global appears to be underway.
TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”), an owner and operator of clean energy power plants, today reported fourth quarter and full year 2016 financial results and filed its Form 10-K for the annual period ended December 31, 2016 with the Securities and Exchange Commission. The Form 10-K is available on the Investors section of TerraForm Power’s website at www.terraformpower.com. “The […]
The second of SunEdison’s two yieldcos is putting all of its ducks in a row as both companies prepare to be bought by the Canadian asset manager.
The rulings help clear the way for Brookfield’s acquisition of the two yieldcos, closing a long and difficult chapter in the story of the three companies.
With the sale the yieldco has almost completely divested from the United Kingdom, as its acquisition by Brookfield grinds forward.
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
The troubled yieldco has managed to raise additional capital for four solar projects in Canada, as the industry waits on word of its settlement with SunEdison and potential sale to Brookfield.
TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”), an owner and operator of clean energy power plants, today reported third quarter 2016 financial results and filed its Form 10-Q for the quarterly period ended September 30, 2016 with the Securities and Exchange Commission. The Form 10-Q is available on the Investors section of TerraForm Power’s website at […]
As a Friday deadline looms under the memorandum-of-understanding (MOU) between the two former partners, the exclusivity agreement with its Brookfield suitor had its deadline extended to March 6.
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