Invenergy Wind sold 832 MW of wind power plants to TerraForm Power. A final closing for an additional 98 MW of projects is scheduled to be completed in early 2016. The total enterprise value of the transaction is more than $2 billion. The closing encompasses four power plants, representing 754 MW in the United States and one 78 MW project in Canada.
TerraForm Power signed a definitive agreement to acquire net ownership of 930-MW of wind power plants from Invenergy Wind (Invenergy). TerraForm Power intends to acquire net ownership of 460 MW of the wind power plants from Invenergy with the remaining 470 MW to be acquired by a new warehouse facility, for a combined $2.0 billion in aggregate consideration. Invenergy will retain a 9.9 percent stake in the U.S. assets and will provide certain operation and maintenance services for these power plants.