trending Market Intelligence /marketintelligence/en/news-insights/trending/nDr3hp0FcGSolLDN1dCIRQ2 content esgSubNav
In This List

TerraForm Global closes purchase of solar farm in Uruguay

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | A transition to cleaner energy drives demand for new nickel mines

Podcast

Energy Evolution | Looking ahead to the energy transition in 2023


TerraForm Global closes purchase of solar farm in Uruguay

TerraFormGlobal Inc. has completed the acquisition of a solar plant in Uruguay, itsaid in a Form 8-K filed April 8.

TerraForm Global, a yieldco company of , acquired the 26.4-MWAlto Cielo solar plant from Spain-based Solarpack Corporacion Technologica for $35.4 million.

Alto Cielo, which entered commercial operation in March2016, sells its power to Uruguay's National Administration of Power Plants andElectrical Transmissions under a 28-year contract.

The news comes on the heels of TerraForm Global's recent moveto terminate a dealto acquire the Espra hydroelectric plant in Brazil by paying a $10.0 millionfee to Renova Energia SA.