TerraForm Global Closes on Wind Power Project Purchases

TerraForm Global Closes on Wind Power Project Purchases

TerraForm Global (Nasdaq: GLBL) closed on the acquisition of two operating wind energy projects in Brazil from Renova Energia.
 
The 294-MW each Salvador and Bahia wind energy projects were purchased with a combination of TerraForm Global Class A common stock and cash allocated from the TerraForm Global IPO proceeds.

The wind projects are part of the TerraForm Global IPO portfolio.



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