Terraform Gets A Bid. Brookfield has placed a bid to the remaining shareholders at TERP to acquire the remaining parts of the company that it doesn’t own yet. Brookfield already owns 62% of the shares and sees enough upside to acquire the rest of the company for a price that is a premium of 11% from the prior night’s closing.
ACORE Has A Dream. Four of them to be exact. An RPS, a carbon tax, clean energy tax credits, and transmission investments are part of the plan to drive a cleaner grid in the future. ACORE is right about the plan, these policies would help the planet and our industries but I am too jaded to see the political path to make it happen.
Airports And Solar. An infrastructure fund that has a portfolio primarily in airport construction and operation is acquiring solar developer, Greenskies. Greenskies has been active in the solar market for sometime and has also been looking for partners like pretty much all solar developers. The interesting evolution is that there appears to be a growing value placed on the actual development platforms not just the projects. This was a hard value to find in the market in the past, maybe things have changed.
Million Solar Roofs. There is something happening in residential solar around the world. Governments are seeing the value and incredible value in residential rooftops that don’t yet have solar. Austria is looking to install 1million solar roofs by 2040, a goal that California just reached last month.