TerraForm Power

TerraForm Power to buy 100 MW of Spanish Concentrated Solar Power

US renewable power producer TerraForm Power Inc (NASDAQ:TERP) has agreed to acquire two concentrated solar power (CSP) plants in Spain with a combined capacity of about 100 MW. A wholly-owned unit of TerraForm Power will pay a total equity purchase price of EUR 94.1 million (USD 104m) for two 49.9-MW [...]

TerraForm Power Announces Expected Closing of 100% of Saeta Yield

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 [...]

Brookfield-backed TerraForm bids $1.2 billion for Saeta Yield

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 [...]