TerraForm Power definition

TerraForm Power means TerraForm Power, LLC, a Delaware limited liability company.

TerraForm Power means TerraForm Power, Inc.

TerraForm Power means TerraForm Power, Inc., the Subsidiary of the Company described under “Summary—Recent Events—Proposed Initial Public Offering of TerraForm Power, Inc.” in the Preliminary Offering Memorandum.

Examples of TerraForm Power in a sentence

• On July 31, 2020, Brookfield Renewable completed the acquisition of TerraForm Power, Inc.

• Pursuant to the TerraForm Power acquisition, each holder of public TerraForm Power shares received 0.47625 of an exchangeable share of BEPC or of a partnership unit for each public TerraForm Power share held by such holder.

• Notwithstanding anything to the contrary in the foregoing, the offering to the public, and any subsequent dispositions of the Company’s interests in, any of the Company’s Yieldco Subsidiaries (including TerraForm Power) in which the Company continues to own at least 51% of the voting power, shall not be prohibited by this Section 9.01.

• The TerraForm Power acquisition was completed in exchange for 37,035,241 exchangeable shares and 4,034,469 LP units.

• The transfer of control of TerraForm Power to Brookfield Renewable is considered to be a transaction between entities under common control and was valued based on Brookfield’s carrying value in TerraForm Power.

More Definitions of TerraForm Power

TerraForm Power or “TERP” means TerraForm Power Parent, LLC, the successor entity to TerraForm Power, Inc. and as the context requires, its successor entities.

TerraForm Power means TerraForm Power, Inc., a company incorporated under the laws of the State of Delaware, whose registered office is at 7550 Wisconsin Avenue, 9th Floor, Bethesda, Maryland 20814, United States of America;

TerraForm Power or “TERP” means TerraForm Power, Inc. and as the context requires, its successor entities. “TFSA” has the meaning given to it under Item 3.D “Risk Factors — Risks Relating to Taxation — Canada”.

TerraForm Power means TerraForm Power, Inc., a Delaware corporation.

TerraForm Power means TerraForm Power, LLC, a Delaware limited liability company. “Termination Date” has the meaning set forth in Section 12.01(a)(ii).

TerraForm Power or “TERP”) entered into a definitive agreement for BEP to acquire all of the outstanding shares of Class A common stock of TERP, other than the 62% currently owned by Brookfield Renewable and its affiliates • Each Class A common share of TerraForm Power will be acquired for consideration equivalent to 0.381 of a BEP unit ‒ TERP shareholders will be entitled to receive for each TERP share, at their election, either Class A shares of Brookfield Renewable Corporation (“BEPC shares”) or limited partnership units of Brookfield Renewable (“BEP units”) ‒ Allows TERP shareholders to choose how to most efficiently participate in the transaction, either through a partnership or corporate structure • The Special Committee of TERP’s Board of Directors – comprised of solely independent directors – unanimously recommends the transaction to TERP shareholders • Combined business will be one of the largest, integrated, pure-play renewable power companies in the world with one of the strongest investment grade balance sheets in the sector, no material near term maturities, and a 20-year track record of creating shareholder value through multiple economic cycles • Simplified ownership structure with fully aligned global growth mandate • Continued sponsorship by Brookfield Asset Management (54% pro forma interest) • Demonstrable synergies, including the elimination of public company costs EUROPE 4,200 megawatts $7 Billion in total power assets 8,900 megawatts $29 Billion in total power assets 4,900 megawatts $13 Billion in total power assets ASIA 1,000 megawatts $1 Billion in total power assets Strong premium of 17% to TERP’s unaffected trading price1 Benefits to BEP Unitholders Accretive to FFO Ability to participate in the ongoing growth of a global leader in renewables with a track record of success Access to a broader growth mandate, that includes the acquisition of global, multi-technology renewable power assets and development opportunities Further expands BEP’s portfolio in Strengthens BEP’s contract profile Increases public float and enhances the liquidity of BEPC shares Greater technological and geographic diversification Benefit from increased access to capital and liquidity, underpinned by an investment grade balance sheet ) Based on unaffected trading prices of $15.60/share and $48.07/unit for TERP and BEP, respectively, at market close on January 10, 2020 4 Why BEP? One of the largest public pure-play renewable businesses globally Full operating, development and ...

TerraForm Power means TerraForm Power, Inc. “TSU” means Trisura Group Ltd.