29 Dec '17, 3pm

Brookfield closes acquisition of SunEdison yieldco TerraForm Global

Brookfield closes acquisition of SunEdison yieldco TerraForm Global

TerraForm Global Inc., a yieldco originally established by SunEdison, has officially broken away from its troubled parent and completed its previously announced acquisition agreement with an affiliate of Canada-based Brookfield Asset Management. Brookfield Renewable Partners LP, together with its institutional partners, closed the acquisition of 100% of TerraForm Global for a total net investment of $750 million. The acquisition adds 952 MW of solar and wind assets predominantly in Brazil, India and China to Brookfield’s renewable energy portfolio. According to Brookfield, TerraForm Global’s cashflows are underpinned by long-term contracts with creditworthy off-takers and an average remaining power purchase agreement term of 17 years. “We are pleased to strengthen our global portfolio of high-quality renewable power assets with the addition of these premier solar and wind ...

Full article: https://solarindustrymag.com/brookfield-closes-acquisitio...

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