TerraForm Power, Inc.

TerraForm Power, Inc.

TerraForm Power, Inc.

Overview
Date Founded

2014

Headquarters

200 Liberty Street, 14th Floor, New York, NY, 10281, USA

Type of Company

Public

Employees (Worldwide)

174

Industries

Power & Utilities
Alternative Energy

Company Description

TerraForm Power, Inc. engages in the acquisition of renewable energy assets. It operates through Solar and Wind segments. The Solar segment consists of Distributed Generation, North America Utility, and International Utility. The Wind segment comprises of Northeast Wind, Central Wind and Hawaii Wind. The company was founded on January 15, 2014 and is headquartered in New York, NY.

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Executives & Employees

Chief Executive Officer

Chief Financial & Accounting Officer

Chief Operating Officer

Secretary & General Counsel

Director

Coordinator

Director of Information Technology

Senior Manager

Senior Marketing Communications Manager

Board of Directors

Chief Financial Officer & Senior Managing Partner at Brookfield Business Partners

Senior Managing Partner at Brookfield Business Partners

Chairman, President & Chief Executive Officer at GenOn Energy, Inc.

Former President & Chief Executive Officer at Brookfield Renewable Power Preferred Equity, Inc.

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TerraForm Power, Inc.
Owners & Shareholders
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Brookfield is a global alternative asset manager with over $175 billion in assets under management. We have over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. On behalf of our clients and shareholders, we own and manage one of the largest portfolios of premier office properties and renewable power generating facilities as well as long-life infrastructure assets that include utilities, transport and energy and timberlands in North and South America, Australasia and Europe. We invest our own capital alongside our clients and partners in these high quality assets, ensuring our interests are aligned. Our assets are held through a growing portfolio of private funds and public, listed entities. We are proud of our track record for achieving strong risk-adjusted returns for our clients, partners and shareholders across all market conditions. Brookfield is publicly listed on the NYSE, TSX and Euronext Amsterdam under the symbol BAM, BAM.A and BAMA, respectively.

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RARE is an active, medium- to long-term manager which invests in global listed infrastructure assets including long-term developments or projects providing essential community services such as airports, gas, electricity, water and roads. They construct portfolios are constructed as a result of individual stock selection and independent of any index, market benchmark or external information. RARE forms their own view of fair value and sets their own buy and sell limits.The firm performs in-house infrastructure research using a rigorous analysis and constructs their managed funds to enable appropriate diversification and weighting across global infrastructure stocks, sectors and geographic regions. They perform rigorous quantitative and qualitative assessments to select stock based on a bottom-up approach undertaken by their team of researchers, analysts and specialist global infrastructure investment managers and also meet with the managers, competitors and regulators of the companies they are considering for investment.

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Liontrust Investments is an active, team-based, growth-oriented manager which invests worldwide and manages generalist, diversified portfolios spread across various sectors, managed both on a global and regional basis.The firm's investment team seeks to create value for shareholders over the medium- to long-term, utilizing a top-down approach for asset allocation and a bottom-up approach for selecting ordinary shares. They monitor performance against relevant indexes, but do not track any index. The firm is primarily an equity investor. They have a target minimum level of investment in each holding and holds monthly equity strategy meetings where fund managers determine asset allocation. Analysts provide stock-level research.Liontrust Investments aims to invest in well-managed businesses with steady earnings growth and significant long-term capital appreciation potential. They favor companies with strong management, solid market positions, healthy cash flow and the ability to pay a growing dividend. Risk control is based on diversification across stocks, industries, continents and currencies, combined with gearing and hedging.

Recent Transactions
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Brookfield Renewable Partners LP purchases TerraForm Power, Inc.

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TerraForm Power, Inc., Brookfield Asset Management, Inc. purchase Saeta Yield SA

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Brookfield Asset Management, Inc. purchases TerraForm Power, Inc.

Transaction Advisors
Investment Advisor

Advised onEgyptian Financial Group-Hermes Holding Co., SAE, Vortex Solar UK Ltd. purchase SunEdison Yieldco UK Holdco 2 LLC /Subsidiaries 2 from TerraForm Power, Inc.

Underwriter

Advised onTerraForm Power, Inc. issued USD Common Stock

Underwriter

Advised onTerraForm Power, Inc. issued USD Common Stock

Legal Advisor

Advised onSunEdison, Inc., TerraForm Power, Inc. purchase First Wind Holdings LLC from D. E. Shaw Laminar Portfolios LLC, Madison Dearborn Partners LLC

Legal Advisor

Advised onSunEdison, Inc., TerraForm Power, Inc. purchase First Wind Holdings LLC from D. E. Shaw Laminar Portfolios LLC, Madison Dearborn Partners LLC

Legal Advisor

Advised onSunEdison, Inc., TerraForm Power, Inc. purchase First Wind Holdings LLC from D. E. Shaw Laminar Portfolios LLC, Madison Dearborn Partners LLC

Advisors & Consultants
Publicist

Partner at Joele Frank, Wilkinson Brimmer Katcher

Advisor

President, Americas at GlassPoint Solar, Inc.

Publicist

Professional at Joele Frank, Wilkinson Brimmer Katcher

Clients

Sempra Energy was created in 1998 by a merger of parent companies of two long-established, and highly respected, investor-owned utilities with rich histories dating back more than a century. Sempra Energy was founded to capitalize on new opportunities in competitive energy markets. The company’s ongoing focus is to enhance shareholder value and meet customer needs by sustaining the financial strength, operational flexibility and skilled workforce needed to succeed in rapidly changing market conditions. Sempra Energy is a Fortune 500 energy services company, based in San Diego, Calif., that combines deep industry expertise with rigorous risk management to deliver superior shareholder returns. In 2011, Sempra Energy produced revenues of $10 billion.

Tennessee Valley Authority provides electricity for utility and business customers in the United States. The firm sells power to distributor who then resells power to their customers at retail rates. Its distributor customers consist of municipalities and other local government entities, and customer-owned entities. It also sells power to directly served customers, consisting primarily of federal agencies and customers with large or unusual loads. The firm operates hydroelectric dams, coal-fired power plants, nuclear plants and natural gas-fired power facilities, which generate electricity. The company was founded on May 18, 1933 and is headquartered in Knoxville, TN.

Key Stats and Financials As of 2019
Market Capitalization
$3.72B
Total Enterprise Value
$10.2B
Earnings Per Share
$-0.7
Revenue
$985M
Net Profit
$-149M
Total Equity
$2.63B
Debt TEV
0.64x
TEVNet Income
-68.35x
Enterprise Value EBITDAOperating
16.56x
Enterprise Value Sales
10.32x
EBITDAMargin
60.51%
EBITDA
$596M
Total Debt
$6.53B
Three Year Compounded Annual Growth Rate Of Revenue
13.35%
Five Year Compounded Annual Growth Rate Of Revenue
49.92%
Suppliers
Vestas Wind Systems A/S Industrial Machinery & Manufacturing | Aarhus, Dnk

Vestas Wind Systems A/S engages in the development, manufacture, sale, and maintenance of wind power plants. It operates through the Power Solutions and Service segments. The Power Solutions segment comprises the sale of wind power plants and wind turbines. The Service segment includes the sale of service contracts, spare parts, and related activities. The company was founded by Smith Hansen and Peder Hansen in 1945 and is headquartered in Aarhus, Denmark.

SMA Solar Technology AG Industrial Machinery & Manufacturing | Niestetal, Germany

SMA Solar Technology AG engages in the development, production and sale of solar inverters and monitoring systems for solar power systems. It operates its business through the following segments: Residential, Commercial, Utility, Storage, and Digital Energy. The Residential segment caters to global markets for small photovoltaic (PV) systems with and without connection to a smart home solution. The Commercial segment focuses on global markets for medium sized PV systems with and without an energy management solution. The Utility segment covers international PV power plant markets with its powerful string inverters in the sunny-high power product family, and the central inverters in the sunny central product family. The Storage segment consists of system technology for integrating battery-storage systems of all system sizes. The Digital Energy segment comprises of coneva which develops digital energy services for private and business customers; and emerce GmbH that involves in online sales channels for select markets. The company was founded by Reiner Wettlaufer, Peter Drews, Werner Kleinkauf, and Günther Cramer in 1981 and is headquartered in Niestetal, Germany.

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