BlackRock Said to Consider Bidding for SunEdison Yieldco
- TerraForm Power said earlier this week it’s seeking buyer
- Brookfield, Appaloosa, Golden Concord have also shown interest
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BlackRock Inc. has joined a list of potential buyers for TerraForm Power Inc., a holding company founded and controlled by bankrupt wind-and-solar energy giant SunEdison Inc.
Funds of the New York-based firm are assessing the value of TerraForm Power’s assets to prepare for a bid, according to two people who asked not to be named because the matter is private. TerraForm Power, along with sister company TerraForm Global Inc., own wind and solar assets, some of which are operated by SunEdison. Both said earlier this week that they seek to sell their entire businesses, or operate independently.