Inactive Instrument

TerraForm Power, Inc.

Equities

US88104R2094

Brookfield Proposes To Buy Both Sunedison Yieldcos

January 12, 2017 at 12:00 am

Brookfield Asset Management Inc. (TSX:BAM.A) has made a fresh offer for two NASDAQ-listed utility yieldcos being offloaded by bankrupt SunEdison, Inc. (OTCPK:SUNE.Q). Brookfield offered, on January 10, 2017, to buy out the remaining shares in TerraForm Power, Inc. (NasdaqGS:TERP) for $11.50 each. It also said it would bump the offer to $12.50 a share in an expanded proposal that would also include the yieldco's international offshoot, TerraForm Global, Inc. (NasdaqGS:GLBL).

Brookfield is the only bidder to have amassed a strategic shareholding in TerraForm Power, which should provide a slight advantage, but the Canadian giant is still considered a leftfield participant in the auction. As part of the deal Brookfield would emerge as the sponsor of TerraForm Power, replacing SunEdison which is going through Chapter 11 proceedings. Brookfield also said it would inject cash into the yieldco in exchange for newly-issued stock.

TerraForm Power shares traded flat on January 10, 2017 but opened 4% lower on January 11, 2017 as investors digested news of the new combined offer.

Latest news about TerraForm Power, Inc.

Transcript : TerraForm Power, Inc., Q2 2021 Earnings Call, Aug 13, 2021	21-08-13
Transcript : TerraForm Power, Inc., Q2 2020 Earnings Call, Aug 14, 2020	20-08-14
Terraform Power, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-08-10	CI
Tranche Update on TerraForm Power, Inc.'s Equity Buyback Plan announced on August 9, 2019.	20-08-10	CI
TerraForm Power, Inc. Announces Management Changes	20-07-31	CI
TerraForm Power, Inc.(NasdaqGS:TERP) dropped from S&P TMI Index	20-07-31	CI
TerraForm Power, Inc.(NasdaqGS:TERP) dropped from S&P Global BMI Index	20-07-31	CI
Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of the remaining 38.5% stake in TerraForm Power, Inc	20-07-30	CI
TerraForm Power, Inc.'s Equity Buyback announced on August 9, 2019, has expired.	20-07-30	CI
Transcript : TerraForm Power, Inc. - Shareholder/Analyst Call	20-07-29
Tranche Update on TerraForm Power, Inc.'s Equity Buyback Plan announced on August 9, 2019.	20-05-11	CI
Transcript : TerraForm Power, Inc., Q1 2020 Earnings Call, May 11, 2020	20-05-11
TerraForm Power, Inc. Reports Operating Results for the First Quarter Ended March 31, 2020	20-05-11	CI
TerraForm Power, Inc. Declares Dividend on Class A common stock for the Second Quarter of 2020, Payable on June 15, 2020	20-05-11	CI
Terraform Power, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020	20-05-11	CI
TerraForm Power, Inc. cancelled the acquisition of 15 MW solar portfolio in Massachusetts.	20-03-30	CI
Tranche Update on TerraForm Power, Inc.'s Equity Buyback Plan announced on August 9, 2019.	20-03-17	CI
Transcript : TerraForm Power, Inc., Q4 2019 Earnings Call, Mar 17, 2020	20-03-17
TerraForm Power, Inc. Announces Executive Changes; Declares Quarterly Distribution with Respect to Class A Common Stock, Payable on March 31, 2020	20-03-17	CI
TerraForm Power, Inc. Reports Operating Results for the Fourth Quarter and Year Ended December 31, 2019	20-03-17	CI
Terraform Power, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019	20-03-17	CI
TerraForm Power, Inc. acquired 45 MW of regulated solar Photovoltaic assets in Spain for $60 million.	20-03-16	CI
TerraForm Power, Inc. completed the acquisition of Portfolio of 100 megawatts concentrated solar power.	20-02-10	CI
TerraForm Power, Inc. acquired Portfolio of solar assets in Spain for $70 million.	20-02-05	CI
Brookfield Renewable Partners L.P. (TSX:BEP.UN) made a proposal to acquire the remaining 38.4% stake in TerraForm Power, Inc. for $1.42 billion.	20-01-12	CI

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Company Profile

TerraForm Power, Inc. is a United States-based that owns and operates renewable power portfolio of solar and wind assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. The Company's portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of over 3634 megawatts. Its projects includes AP North Lake , Regulus Solar, Renew-1, Atwell Island, Mt. Signal, Alamosa, Bluebird, Kaheawa Phase 1, SunE Perpetual Lindsday, Marsh Hill, Woodville, Sandringham, Raleigh, Lestenergia, Seron 1,Seron 2, and CAP.

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