Announced
Financials
Sources
Press Release
Brookfield -
Press Release
TerraForm -
SEC Announcement
Brookfield Renewable Partners -
SEC Announcement
Brookfield Renewable Partners -
SEC Announcement
Brookfield Renewable Partners -
Form 6-K
Brookfield Renewable Partners -
SEC Announcement
Brookfield Renewable Partners -
Form 6-K
Brookfield Renewable Partners -
Tags
Majority
Alternative Fuels
United States
Acquisition
Private Equity
renewable energy
wind and solar projects
Public
Friendly
Pending
solar energy assets
Single Bidder
Cross Border
Synopsis
Brookfield Renewable Partners, a renewable energy-focused arm of private equity firm Brookfield, is set to acquire the remaining 38% stake in TerraForm Power, an operator of renewable power portfolio of solar and wind assets, for $3.9bn. The proposed transaction would strengthen Brookfield Renewable’s position as one of the largest publicly-traded, globally-diversified, multi-technology, pure-play renewable power platforms with $50bn in total power assets. There is no assurance that the Board of TerraForm Power will approve the proposed transaction or that a transaction will be consummated. “We believe this transaction will create significant value for investors in both companies through a simplified corporate structure and continued sponsorship from Brookfield Asset Management,” Sachin Shah, Brookfield Renewable CEO.
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