Brookfield Buys Stakes in Two SunEdison Units, Broadening Role in Renewable Market

SUGAR LAND--March 8, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Brookfield Asset Management Incorporated (NYSE:BAM) (Toronto, Ontario) announced it would buy TerraForm Global Incorporated (NASDAQ:GLBL) and take a 51% stake in TerraForm Power Incorporated (NASDAQ:TERP) (both Bethesda, Maryland) for a total of roughly $2.5 billion. Both are units of bankrupt solar company SunEdison Incorporated (Maryland Heights, Missouri) that hold renewable-energy assets, with long-term agreements to sell power. Industrial Info is tracking $2.47 billion in active projects involving Brookfield, more than 90% of which are renewable-based, and $4.78 billion in active projects owned by SunEdison. Within this article: Details on some of the highest-valued projects involving Brookfield and SunEdison, including those in the U.S., Canada and South America.