SunEdison/TerraForm Power Buy First Wind For $2.4 Billion To Achieve Renewable Energy Dominance

In a surprising diversification move, SunEdison has launched into the wind sector and positioned itself to be the world’s largest renewable energy development company. Yesterday morning, SunEdison announced that it is joining with its indirect subsidiary TerraForm Power to purchase First Wind for US $2.4 billion, in a “very complex but very value added deal,” said Ahmad Chatila, the president and chief executive officer of SunEdison, based in Maryland Heights, Mo.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1wXJT3i

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