Brookfield to acquire the remaining 38% stake in TerraForm for $3.9bn.

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.