Terraform Power to raise US$500 million

Facebook
Twitter
LinkedIn
Reddit
Email

SunEdison yieldco Terraform Power will look to raise US$500 million with a fresh share offering, according to a company filing.

A further US$149.6 million of bonds will also be offered.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company said it would use US$235 million to pay down an existing revolver credit agreement. US$413.5 million will be used to fund future acquisitions from SunEdison, from third parties or to make further debt repayments.

In a filing to the NASDAQ exchange, the company also confirmed that its portfolio of solar and wind assets (as of 1 May, 2015) totalled 1,703MW.

Ensuring greater returns for shareholders requires yieldcos to consistently grow their portfolio of projects. Investor analysts Baird Capital said the company was in a good position to continue doing this, meaning demand for the new share issue would likely be high.

Earlier this week SunEdison began boosting the finances and likely future portfolio of the Terraform Global yieldco, which will focus on emerging markets.

Read Next

June 2, 2025
Indonesia has ratified the PLN Electricity Supply Business Plan 2025–2034, targeting 42.6GW of renewable energy generation.
June 2, 2025
Government-owned electricity retailer Jacana Energy has contracted 45MW of solar PV from utility-scale projects in the Northern Territory, Australia.
May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.
May 30, 2025
The US added 7.4GW of new renewable energy capacity in the first three months of 2025, with deployments and planned projects concentrated in Republican-voting states.
May 30, 2025
Solar and wind curtailment have increased by 29% between 2023 and 2024 in California, according to the US Energy Information Administration.
May 30, 2025
Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia