Deals
TerraForm Buying 930 Megawatts of Invenergy Wind Farms
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TerraForm Power Inc., a company formed by SunEdison Inc. to own and operate power plants, agreed to buy 930 megawatts of wind-power capacity from Invenergy Wind LLC for $2 billion.
Adding the revenue from the seven U.S. and Canadian wind farms in the deal will help TerraForm increase its dividend target 26 percent next year to $1.70 a share according to a statement Monday from the Bethesda, Maryland-based company.