The details of Brookfield’s acquisition of TerraForm Power from SunEdison are showing a situation where none of the main parties lose, including SunEdison. As revealed in a securities registration form yesterday, the company that is now a shell of what was formerly the world’s largest solar and wind developer stands to gain $417 million from the sale of its shares in yieldco TerraForm Power.
This is the end of the road for majority ownership by SunEdison, which nearly dragged down its two yieldcos in its bankruptcy, including a mess of legal claims and counter-claims between TerraForm Power, TerraForm Global and their former sponsor. As the conclusion of this, last month Canadian asset manager Brookfield acquired a majority stake in TerraForm Power. An acquisition of TerraForm Global is also pending.
TerraForm Power issued new stock to give Brookfield a 51% share in the company, which has left SunEdison free to either acquire new TerraForm shares or sell its stock in the company to the highest bidder. According to a registration statement filed by TerraForm, SunEdison will sell 34 million shares at a maximum price of $12.16 per share, for a total of up to $417 million in proceeds.
This accounts for a minority of the outstanding shares at the time of the acquisition, as most stockholders kept their stakes.
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
| kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
|
You design, we deliver. Enjoy solar! Get Started |
CompanyAbout Solar QC Contact us Career Promotion Program |
About SolarSolar Beginner 101 Solar QC Blog News Feed FAQ |
How It WorksEasy Step 1234 2 Min Design DIY Price Checker Design DIY |
Installer Sign UpSign up to receive more high quality fresh leads. Sign up now |
|
Go Solar with Solar QC. There’s no need to shop around since Solar QC directs manufacturers to our customers with the best prices in solar industry.
|
Solar InstallerInstaller Review Join Us Finance |
ProductPanel Inverter Racking BOS |
World Class BrandCanadian Solar Solar Edge Dual Rack |
Installer APP DownloadIOS Ipad Android |
Term & Condition• Privacy Policy• Site Map• COPYRIGHT © SOLAR QC 2016 - 2024 TEL:(818) 254-8209
Welcome to the Solar QC Website. This site equips homeowners with information regarding the most effective solar products and provides access to expert solar installers and manufacturers. The information listed in the Terms & Conditions provides a list of the services provided by solarqcgroup.com with specific user obligations in reference to content, conduct, company disclaimers, copyright, and privacy. The Terms & Conditions described are designed to protect the users and solarqcgroup.com. By accessing this website, the user automatically agrees with the content of the Terms & Conditions.
A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
Comments