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Major Wind Acquisition Makes SunEdison World's Largest Renewable Energy Developer

Forbes-LogoWilliam Pentland | November 18th, 2014 | Posted on forbes.com

SunEdison, the St. Louis, MO-based solar power juggernaut, said today that it would acquire First Wind, one of the largest wind power developers in the United States, for $2.4 billion.
The acquisition of First Wind, which is based in Boston, MA, will make SunEdison the leading renewable energy development company in the world.

TerraForm Power, an indirect subsidiary of SunEdison that owns and operates renewable energy projects acquired from SunEdison, is also involved in the transaction.

TerraForm Power is SunEdison’s “yieldco” platform, a new type of investment vehicle that went public in 2013. Yieldco companies like TerraForm Power are similar to Master Limited Partnerships (MLPs), but do not possess assets that qualify for pass-through tax treatment. Like MLPs, Yieldco companies are designed to appeal to investors seeking stable and growing dividend income from a diversified portfolio of lower-risk high-quality assets.

Read the published article here.

By | 2014-11-18T18:37:46+00:00 November 18th, 2014|News|

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