TerraForm buys 930-MW wind energy portfolio for $2 billion

TerraForm Power Inc. (Nasdaq: TERP), and SunEdison Inc. (NYSE: SUNE), signed a definitive agreement to acquire 930-MW of wind power plants from Invenergy Wind LLC.
TerraForm said it plans to acquire net ownership of 460 MW of wind energy plants with the remaining 470 MW to be acquired by a new warehouse facility, for a combined $2 billion. The portfolio includes seven wind farms in the U.S. and Canada. Invenergy will keep a 9.9 percent stake in the U.S. facilities and will provide certain operation and maintenance services for them.
The companies said they plan to close the deal by fourth quarter 2015.

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