NEW YORK, Aug. 13, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the three months ended June 30, 2018. Recent Highlights Settled our tender offer and minority interest squeeze out of Saeta Yield S.A. (“Saeta”), increasing ownership to 100% Executed an 11-year Framework Agreement with an affiliate of General Electric Company (“GE”) to provide us with full-wrap, long-term service agreements (“LTSAs”) …
TERRAFORM POWER CLOSES $650 MILLION PRIVATE PLACEMENT TO FUND SAETA YIELD ACQUISITION
BETHESDA, Md., June 11, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc (Nasdaq:TERP) (“TerraForm Power” or the “Company”) today announced that it has issued 60,975,609 shares to certain affiliates of its sponsor Brookfield Asset Management (“Brookfield”) 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. (“Saeta Yield”). The Company’s total shares outstanding …
TERRAFORM POWER ANNOUNCES EXPECTED CLOSING OF 100% OF SAETA YIELD
BETHESDA, Md., June 08, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc (Nasdaq:TERP) (“TerraForm Power” or the “Company”) today announced that Spain’s National Securities Market Commission (“CNMV”) has confirmed a 95% acceptance of the Company’s tender offer to acquire all of the shares of Saeta Yield, S.A (“Saeta” of “Saeta Yield”). The CNMV also set the closing date for the Company’s acquisition of 95% of Saeta Yield for June 12. With greater …
TERRAFORM POWER ANNOUNCES UPDATE ON SAETA TRANSACTION AND FUNDING PLAN
BETHESDA, Md., June 05, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc (Nasdaq:TERP) (“TerraForm Power” or the “Company”) today announced that the acceptance period for its tender offer to acquire 100% of Saeta Yield, S.A (“Saeta”) has concluded, with the closing date for the transaction expected next week. Saeta is a European renewable power company with 1,000 MW of wind and solar capacity that has historically produced …
TERRAFORM POWER REPORTS RECEIPT OF NASDAQ LETTER
BETHESDA, Md., May 21, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) (the “Company”) today announced that, on May 16, 2018, it received a notification letter from Nasdaq indicating that the Company no longer complied with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to timely file its Form 10-Q for the period ended March 31, 2018 (the “First Quarter Form 10-Q”) with the Securities …
TERRAFORM POWER 2018 FIRST QUARTER RESULTS WEBCAST AND CONFERENCE CALL FOR INVESTORS AND ANALYSTS
BETHESDA, Md., April 27, 2018 (GLOBE NEWSWIRE) — You are invited to participate in TerraForm Power’s (Nasdaq:TERP) 2018 First Quarter Webcast and Conference Call on Wednesday, May 2, 2018 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be released on Tuesday, May 1, 2018 at approximately 5:30 p.m. and will be available on our website at terraformpower.wpenginepowered.com under “Press Releases”. The conference …
TERRAFORM POWER REPORTS FIRST QUARTER 2018 RESULTS
BETHESDA, Md., May 01, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) today reported financial results for the three months ended March 31, 2018. For the first quarter of 2018, TerraForm Power’s results were significantly improved with CAFD of $23 million, compared with $19 million in the first quarter of 2017. Excluding the one-time impact of outages related to the Raleigh wind facility, CAFD was $29 million. Recent Highlights …
TERRAFORM POWER 2017 FOURTH QUARTER AND FULL YEAR RESULTS WEBCAST AND CONFERENCE CALL FOR INVESTORS AND ANALYSTS
BETHESDA, Md., March 06, 2018 (GLOBE NEWSWIRE) — You are invited to participate in TerraForm Power’s (Nasdaq:TERP) 2017 Fourth Quarter and Full Year Webcast and Conference Call on Friday, March 9, 2018 at 9:00 a.m. (Eastern Time) to discuss results and current business initiatives with members of senior management. These results will be released on Thursday, March 8, 2018 at approximately 5:30 p.m. and will be available on our website at terraformpower.wpenginepowered.com under “Press …
TERRAFORM POWER REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS
BETHESDA, Md., March 08, 2018 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) (“TerraForm Power”) yesterday reported financial results for the three months and full year ended December 31, 2017. For 2017, TerraForm Power’s results were in-line with expectations with CAFD on a proforma basis of $88 million, compared with previous management’s guidance of $80 million to $100 million. 12 Months Ended 12/31/2017 12 Months Ended 12/31/2016 Generation …
TERRAFORM POWER ANNOUNCES OFFER TO ACQUIRE 100% OF LEADING EUROPEAN RENEWABLE POWER BUSINESS, SAETA YIELD
Investment Highlights: TerraForm Power has launched a tender offer to acquire 100% of Saeta’s outstanding shares The tender offer is irrevocably supported by Saeta shareholders who together own more than a 50% interest and have committed to sell into the offer Saeta owns and operates 1,028 megawatts of rate-regulated and contracted solar and wind assets, located primarily in Spain Acquisition of Saeta …