TerraForm Power, Inc (Nasdaq:TERP) (“TerraForm Power” or the “Company”) today announced that Spain’s National Securities Market Commission (“CNMV”) has confirmed a 95% acceptance of the Company’s tender offer to acquire all of the shares of Saeta Yield, S.A (“Saeta” of “Saeta Yield”). The CNMV also set the closing date [...]
TerraForm Power, controlled by Canada’s Brookfield Asset Management, has launched a 995 million euro ($1.2 billion) takeover bid for Spanish renewable energy firm Saeta Yield to expand its presence in Western Europe. TerraForm is offering 12.20 euros per share for a 100 percent stake in the solar and wind [...]
Saeta's portfolio comprises 13 power plants including wind eneergy and Concentrated Solar Power plants in Spain with 689 megawatts of capacity.
It includes 16 wind farms with a combined capacity of 539 MW and three concentrated solar power (CSP) plants totalling 150 MW.