SunEdison, TerraForm Power agree to buy First Wind for $2.4 bln
Solar developer SunEdison Inc. and TerraForm Power, which operates renewable power plants, have agreed to acquire First Wind, which develops and operates wind projects in the U.S. SunEdison and TerraForm Power have agreed to buy the company for up to $2.4 billion. First Wind is a portfolio company of D.E. Shaw, which invested in Wind Power in 2005 and has been an active owner and partner with the First Wind management team, along with Madison Dearborn.
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