M&A Deal Summary

TerraForm Power Acquires Saeta Yield S.A.

On February 7, 2018, TerraForm Power acquired renewable energy company Saeta Yield S.A. for 1.2B USD

Acquisition Highlights
  • This is TerraForm Power’s 8th transaction in the Renewable Energy sector.
  • This is TerraForm Power’s 2nd largest (disclosed) transaction.
  • This is TerraForm Power’s 1st transaction in Spain.

M&A Deal Summary

Date 2018-02-07
Target Saeta Yield S.A.
Sector Renewable Energy
Buyer(s) TerraForm Power
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Saeta Yield S.A.

Madrid, Spain
Saeta Yield, S.A. is a owner and operator of wind and solar assets, located primarily in Spain. Saeta Yield invests in energy infrastructure assets that expect to generate highly stable and predictable cash flows backed by regulated and contracted income.

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Buyer(S) 1

Buyer

TerraForm Power

New York, Maryland, United States

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 8 of 9
Sector: Renewable Energy M&A 8 of 9
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Spain M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Integrys Energy Group - 23 MW of Solar Power Plants

United States

Integrys Energy Group - 23 MW of Solar Power Plants are located throughout Arizona , California , Connecticut , Massachusetts , New Jersey and Pennsylvania . The assets were placed into operation between 2008 and 2013, and are contracted under long term power purchase agreements (PPAs) with a variety of commercial and municipal entities having a weighted-average credit rating of Baa2. The contracts have a weighted average remaining life of 15 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-15 Sun Tribe

Charlottesville, Virginia, United States

Sun Tribe is a clean energy company, delivers legacy-grade projects that translate into long-term value for partners. Sun Tribe was founded in 2016 and is based in Charlottesville, Virginia.

Buy -