GE invests $25m in TerraForm

GE’s renewable energy business has invested $25m in TerraForm Global. TerraForm Global is a dividend growth-oriented company, or 'yieldco,’ formed by SunEdison to own and operate contracted renewable power generation assets in emerging markets.

The agreement is expected to help support new wind pipeline opportunities for TerraForm, with GE providing life-cycle operations and maintenance support for TerraForm’s wind fleet. The two companies also have agreed to explore additional opportunities for growth-oriented collaboration.

GE renewable energy business president and chief executive officer Anne McEntee said: “This investment is about driving continued global growth for renewable power. “Together with SunEdison, we will significantly increase wind developments in key growth regions like Latin America, Europe, India and China.”

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