Brookfield Renewable Bids to Buy Remaining Stake in TerraForm Power

By [email protected] Canada’s Brookfield Renewable Partners on Monday offered to buy out all the shares of yieldco TerraForm Power that it does not already own, potentially adding further heft to what is already one of the world’s largest clean-energy generators.

Brookfield Renewable — backed by Canadian alternative-asset giant Brookfield Asset Management — is already the majority owner of New York-based TerraForm Power. It acquired a 51 percent stake in 2017 in the wake of SunEdison’s bankruptcy and has increased its stake since then.

Brookfield also bought out SunEdison’s second yieldco, TerraForm Global. But while it eventually delisted those shares, TerraForm Power has continued to

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