Canadian investor Brookfield will reportedly invest $1 billion in Indian renewable energy project developer Avaada Ventures. According to media reports, Brookfield has signed an agreement to invest $1 billion in multiple tranches in Avaada Ventures. Avaada Ventures in the holding company of Avaada Energy, a renewable energy project developer operating … [continued]
Joe Tegtmeyer, who is a member of the Tesla Giga Texas Quad Squad of drone operators that document the daily progress of Giga Texas, has been documenting his thoughts along with daily progress at the Giga Texas site on YouTube. The two videos below are from July 10 and July … [continued]
Tesla Energy, Brookfield Asset Management, and Dacra are teaming up to create SunHouse at Easton Park, Brookfield announced. This is the first Tesla Solar neighborhood and will be the nation’s most sustainable residential community, according to the companies. Brookfield and Dacra are combining their real estate experience with Tesla Energy’s … [continued]
TerraForm Power, formerly the yield-co jewel in the crown of renewable energy darling SunEdison, reported disappointing first-quarter earnings late last month, with lower-than-expected earnings and cash due in part to underperforming renewable energy assets.
Formerly the crown jewel in the SunEdison renewable energy portfolio, yieldco-turned-renewable power company TerraForm Power has reported steady financial results in its first year with backing from Brookfield Asset Management.
TerraForm Power, formerly a yieldco of the now-bankrupt SunEdison and now backed by Brookfield Asset Management, has this week launched a takeover bid to acquire controlling interest in leading European renewable energy asset manager Saeta Yield, with an offer approximately worth $1.2 billion.
The fate of SunEdison’s two yieldcos has finally been settled, as Canadian asset management firm Brookfield Asset Management has agreed to assume a controlling stake and assume sponsorship of TerraForm Power, and acquire TerraForm Global.
Both of SunEdison’s TerraForm yieldcos have announced that they have entered into exclusive talks with Canadian Brookfield Asset Management to discussion a potential acquisition of the yieldcos for as much as $2.46 billion.
A new foreign investor is looking to enter the Indian renewable energy market with a possible investment in one of the leading solar power developers. According to media reports, Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) plans to acquire a 35% stake in Indian solar power … [continued]
While private financial institutions & businesses are investing to make Canada a clean energy leader – which citizens want – Ottawa drags it feet.
