TORONTO - Brookfield Renewable Partners says it has proposed a deal to fully take over TerraForm Power Inc. in an all-share deal that values the wind and solar company at about US$4 billion. Toronto-based Brookfield, which already owns 62 per cent of TerraForm shares, has proposed to take over the rest of outstanding shares at a value of US$17.31 a share. It says the deal would help simplify the corporate structure and strengthen Brookfield’s position in the renewable sector with US$50 billion in total power assets. New York-based TerraForm Power says it has formed a special committee to review the unsolicited proposal. Brookfield Renewable, a subsidiary of Brookfield Asset Management, has 19,000 megawatts of installed capacity and 13,000 megawatts in development across hydroelectric, wind, solar, and storage facilities globally.

Source: thestar January 13, 2020 18:11 UTC