Deals
TerraForm Deal With Duke Energy Expands Stake in Solar Portfolio
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TerraForm Power Inc., a company formed by SunEdison Inc. to own and operate power plants, is expanding its stake in a portfolio of 48 solar farms in six states.
The power plants have a total of 34 megawatts of capacity and were built jointly by Duke Energy Corp. and Integrys Energy Group Inc. Bethesda, Maryland-based TerraForm bought 9 megawatts of capacity from Duke, according to a statement Thursday, after a 23-megawatt purchase from Integrys announced June 4.