TerraForm Power to sell UK solar portfolio for $581 million
Vortex, a renewable energy investment platform managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s 365 MW U.K. solar portfolio for £470 million.
TerraForm Power expects to break even in 2017
In a conference call the yieldco says that sale of 376 MW of solar projects in the UK is at an advanced stage, and gave additional information on financial metrics.
D.E. Shaw proposes to take over as TerraForm sponsor
The renewable energy investor says that the taking TerraForm off SunEdison’s hands could allow the company to recover.
