Deals
SunEdison Thirst for Yield Growth Drove $2.2 Billion Vivint Deal
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When SunEdison Inc. created a separate business to buy and operate power plants, it may have underestimated the new company’s endless appetite.
That’s partly why SunEdison agreed to pay a 52 percent premium for Vivint Solar Inc., the No. 2 U.S. rooftop solar developer. The $2.2 billion deal on Monday will deliver 523 megawatts of existing capacity, which SunEdison will sell to its affiliate TerraForm Power Inc. That also will contribute to its expected 1.2 gigawatts of rooftop projects next year.