Shareholder vote clears the way for Brookfield acquisition of TerraForm Power
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 Global Q4 results one more step towards Brookfield acquisition
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.
Court approves TerraForm Power, Global settlements with SunEdison
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.
TerraForm completes the sale of 365 MW of UK solar projects
With the sale the yieldco has almost completely divested from the United Kingdom, as its acquisition by Brookfield grinds forward.
BREAKING: Brookfield takes over TerraForm Power, Global
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.
TerraForm raises another $86 million for Ontario solar projects
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.
Brookfield bids to take over TerraForm Power, Global on the cheap
The Canadian asset manager’s latest offer is in line with TerraForm’s early January deadline for bids, and includes both buy-out and sponsorship options.
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.
TerraForm Power, Global forecast continued losses in 2016
While TerraForm Power and TerraForm Global are making progress in their separation from SunEdison, the two yieldcos continue to be plagued by losses and report that available cash for payouts to investors will be substantially reduced from previous estimates.
