TerraForm Global has announced that it closed on the acquisition from Renova Energia of two operating wind energy projects that are part of the original TerraForm Global IPO portfolio.
The Salvador and Bahia wind energy projects are located in Brazil and generate 294 megawatts (MW) AC of capacity in aggregate. The projects were purchased with a combination of TerraForm Global Class A common stock and cash that was allocated from the TerraForm Global IPO proceeds.