BETHESDA, Md., June 11, 2018 (GLOBE NEWSWIRE) -- TerraForm Power, Inc (Nasdaq:TERP) announced that it has issued 60,975,609 shares to certain affiliates of its sponsor Brookfield Asset Management and has received net proceeds of $650 million that the Company plans to use to fund the acquisition of 100% of the outstanding shares of Saeta Yield, S.A.. The Company’s total shares outstanding now total 209,061,636.
About TerraForm Power
TerraForm Power owns and operates a best-in-class renewable power portfolio of solar and wind assets located primarily in the U.S., totaling more than 2,600 MW of installed capacity. TerraForm Power’s goal is to acquire operating solar and wind assets in North America and Western Europe. TerraForm Power is listed on the Nasdaq stock exchange (Nasdaq:TERP). It is sponsored by Brookfield Asset Management, a leading global alternative asset manager with more than $285 billion of assets under management.
For more information about TerraForm Power, please visit: www.terraformpower.com.
