The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Brookfield buys over SunEdison assets for US$1.4b

Deal gives Canadian asset manager stakes in two of bankrupt solar company's units with significant wind, solar energy assets

Published Wed, Mar 8, 2017 · 09:50 PM
Share this article.

Bengaluru

BROOKFIELD Asset Management Inc said on Tuesday it would buy one of the two "yieldcos" of bankrupt US solar company SunEdison Inc and take a 51 per cent stake in the other, for a total of about US$1.41 billion.

Canada's largest alternative-asset manager is increasing its holding in TerraForm Power after first reporting a stake in June, when it called the SunEdison unit an "attractive investment opportunity".

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here