TerraForm Global Cancels Globeleq Deal Amid Shift in Strategy

  • Announced acquisition of Globeleq Mesoamerica Energy in June
  • `Acquisition didn’t make sense anymore,' analyst says

TerraForm Global Inc., a power-plant holding company controlled by SunEdison Inc., canceled a deal this week to buy a Central American renewable-energy developer, a move that reflects the two struggling companies’ reshaped ambitions.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.