M&A Deal Summary

TerraForm Power Acquires SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants

On January 7, 2015, TerraForm Power acquired renewable energy company SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants from SunEdison for 47M USD

Acquisition Highlights
  • This is TerraForm Power’s 4th transaction in the Renewable Energy sector.
  • This is TerraForm Power’s 4th largest (disclosed) transaction.
  • This is TerraForm Power’s 4th transaction in the United States.

M&A Deal Summary

Date 2015-01-07
Target SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants
Sector Renewable Energy
Buyer(s) TerraForm Power
Sellers(s) SunEdison
Deal Type Add-on Acquisition
Deal Value 47M USD

Target

SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants

United States
SunEdison - 26 Megawatts Of Distributed Generation Solar Power Plants portfolio has high quality counterparties including municipalities, schools and businesses and is geographically diverse, with plants located in seven US states. These assets are expected to increase annual CAFD by approximately $5 million on an unlevered basis. The 21 power plants have long-term contracts with an average remaining life of 20 years.

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Buyer(S) 1

Buyer

TerraForm Power

New York, Maryland, United States

website


Category Company
Founded 2014
Sector Renewable Energy
Employees177
Revenue 1.1B USD (2020)
DESCRIPTION

TerraForm Power is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Power creates value for its investors by owning and operating clean energy power plants. TerraForm Power was founded in 2014 and is based in New York, New York.


DEAL STATS #
Overall 4 of 8
Sector (Renewable Energy) 4 of 8
Type (Add-on Acquisition) 2 of 3
Country (United States) 4 of 6
Year (2015) 1 of 4
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Capital Dynamics - 77.6 MW of Distributed Solar Power Plants

United States

Capital Dynamics - 77.6 MW of Distributed Solar Power Plants is a provider of renewable energy services.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 SunEdison - 168 MW of Solar Power Plants

United States

SunEdison - 168 MW of Solar Power Plants includes US distributed generation power plants representing 15 MW and eleven utility-scale, ground mount plants in the UK comprising 153 MW.

Buy -

Seller(S) 1

SELLER

SunEdison

St. Peters, Montana, United States

website


Category Company
Founded 1984
Sector Renewable Energy
Employees7,260
Revenue 2.5B USD (2014)
DESCRIPTION

SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world's largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services.


DEAL STATS #
Overall 1 of 2
Sector (Renewable Energy) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 First Wind Holdings

Boston, Massachusetts, United States

First Wind is an independent renewable energy company exclusively focused on the development, financing, construction, ownership and operation of utility-scale renewable energy projects in the United States. Based in Boston, First Wind is operating or building renewable energy projects in the Northeast, the West and Hawaii,with combined capacity of nearly 1,300 megawatts (MW) – enough to power more than 425,000 homes each year.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Solar Grid Storage

Philadelphia, Pennsylvania, United States

Solar Grid Storage LLC is a startup deploying combined energy storage and solar PV systems.

Buy -