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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.