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.
TerraForm Power launches offer to acquire Saeta Yields, Schletter provides mounting systems for 35MW solar plant in China, Spanish government identifies projects from 3GW, NSP completes 2MW rooftop system in Taiwan with bifacial modules.
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.
India is reaching out to its renewables R&D contributors to create a roadmap, Dominion has purchased a solar power system in Virginia, TerraForm Power has an extension to regain compliance with its Nasdaq listing.
Global alternative asset manager Brookfield announced Tuesday that it has entered into a definitive agreement with SunEdison yieldco TerraForm Power, under which Brookfield will assume the role of TerraForm Power’s sponsor and also become the controlling shareholder.
In this week's Movers & Shakers, PV Tech reports on employment happenings across the globe in Europe, the US and the Middle East. ACWA Power creates a new clean energy division, the executive director of the IEA wins a prize and 8minutenergy's general counsel is appointed to the US Department of Commerce's Renewable Energy and Efficiency Advisory Committee (REEEAC).
Canada’s Brookfield Asset Management has proposed a takeover of TerraForm Power and TerraForm Global – either by buying out 100% of the company for cash, or purchasing its existing Class A and Class B shares and replacing SunEdison as sponsor.