TerraForm Power, Inc. (NasdaqGS:TERP) entered into a definitive purchase and sale agreement to acquire Portfolio of 100 megawatts concentrated solar power for €94.1 million on November 14, 2019. The consideration would additionally include working capital adjustments. The transaction contains customary representations, warranties, covenants and closing conditions. The transaction is expected to close in the first quarter of 2020 and is expected to generate levered U.S. Dollar returns on equity that exceed the TerraForm Power's targeted range of 9% to 11%. BNP Paribas acted as financial advisor to NextEra Energy in transaction.

TerraForm Power, Inc. (NasdaqGS:TERP) completed the acquisition of Portfolio of 100 megawatts concentrated solar power on February 11, 2020.