TerraForm Power — 4 GW wind/solar/distributed solar IPP across NA + Europe
Brookfield Renewable announces definitive merger agreement to acquire remaining 38% of TerraForm Power for $1.58B. Initial proposal Jan 13, 2020 ($1.4B); upgraded to $1.58B. Combined entity ~36 GW / $50B renewable energy. Closed July 2020.
$1.58B
Deal Value
4,000MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- TerraForm Power (NASDAQ: TERP) public minority shareholders (38%)
- Buyer / Financier
- Brookfield Renewable + institutional partners (already 62% owner)
- Deal Value
- $1.58B (38% minority stake, all-stock)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Brookfield Renewable
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