ST. PETERS, Missouri – ( Solar Thermal Magazine ) — SunEdison, Inc. (“SunEdison”)(NYSE: SUNE) today announced that its yieldco subsidiary, TerraForm Power, Inc. (“TerraForm Power”), has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “Commission”) relating to a proposed initial public offering of Class A common stock. TerraForm Power is an indirect subsidiary of SunEdison and will own and operate contracted clean power generation assets acquired from SunEdison and unaffiliated third parties. The number of shares to be offered and the price range for the offering have not yet been determined.
Goldman, Sachs & Co., Barclays and Citi will serve as joint book-running managers in the proposed offering.
The registration statement on Form S-1 filed with the Commission has not yet become effective and the shares to be registered may not be sold nor may offers to buy be accepted prior to the time when the registration statement becomes effective. Copies of the registration statement can be accessed through the Commission’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.