TerraForm Power has signed off on an agreement with AltaGas that will see TerraForm acquire a high-quality, unlevered distributed generation platform with up to 320MW of capacity in the US. The total purchase price for the DG assets was US$720 million.
Dealing with module warranties from out of business manufacturers is a standard problem in today’s market, according to representatives from an advisory firm that oversaw one of the largest renewable energy deals to date.
A US-based investment hedge fund Appaloosa Management has filed court proceedings to prevent SunEdison’s US-centric yieldco, TerraForm Power, from taking on nearly US$1 billion in debt to acquire Vivint Solar assets from SunEdison, should the deal go through.
While news of an amended acquisition deal between SunEdison’s yield co TerraForm Power and Vivint Solar appeared to give SunEdison a hefty boost in the stock market, hedge fund Appaloosa Management is now raising a number of questions about the new agreement.
Global renewable energy development company SunEdison and residential solar systems provider Vivint Solar have come to terms on an agreement to amend and change the conditions of a definitive merger agreement between the companies – which was originally signed on July 20, 2015.
Major renewable energy provide SunEdison has reshuffled its executive team and roles with Carlos Domenech, president and CEO of its US-centric yieldco, TerraForm Power leaving the company, with immediate effect.