Deals
SunEdison Yieldco Said to Seek Sale of U.K. Solar Portfolio
- Portfolio makes up most of TerraForm’s U.K. solar holdings
- About five companies said to be in second round of bidding
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TerraForm Power Inc., a holding company founded and controlled by the bankrupt clean-energy giant SunEdison Inc., is seeking to sell about 365 megawatts of solar farms in the U.K., according to two people familiar with the plans.
About five companies are now in the second round of bidding for the 24-project portfolio, the bulk of its U.K. holdings, according to the people, who asked not to be named because they’re not authorized to speak publicly. Citigroup Inc. is advising TerraForm on the sale, they said, confirming previous reports from SparkSpread.