SunEdison and TerraForm Power have announced that they have completed their previously announced acquisition of First Wind Holdings, LLC.
In the transaction, TerraForm Power purchased 500MW of operating wind power plants and 21MW of operating solar power plants from First Wind. SunEdison purchased the equity interests of First Wind and certain of its subsidiaries, thereby acquiring a wind development and asset management platform. The acquisition provides SunEdison with an additional 8GW of development-stage projects.