Brookfield to take control of SunEdison units for $2.5 bln: Reuters
Brookfield Asset Management Inc said it would buy one of the two "yieldcos" of bankrupt U.S. solar company SunEdison Inc and take a 51 percent stake in the other, for a total of about US$2.5 billion, Reuters reported. Canada's largest alternative-asset manager will acquire TerraForm Global Inc for about US$787 million and buy 51 percent of Terraform Power Inc for US$1.7 billion. TerraForm Global owns or has contracts to acquire 952 megawatts of wind and solar power in Brazil, India, China, South Africa, Thailand, Malaysia and Uruguay. TerraForm Power owns about 2,967 megawatts of solar and wind assets in the United States, Canada, the United Kingdom and Chile.
7 March 2017•3 mins read
