TerraForm Power Inc, founded in 2014 and headquartered in New York City, is a renewable energy infrastructure company focused on owning and operating solar and wind power plants across North America and Western Europe. The company aims to provide sustainable energy solutions and foster a transition to a low-carbon economy through the acquisition and operation of renewable energy assets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TERP 5.00% 2028-01-31 USDTerraForm Power Inc | United States | 2028-01-31 | 5.000 | 4.91 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, TerraForm Power has strategically utilized bond issuances to finance its growth, with its first significant bond offering in 2015 raising $500 million in 7-year notes. The company has since issued several tranches, including a $400 million green bond in 2020 that attracted considerable investor interest due to its attractive yields amidst a growing focus on sustainability. Currently, their bonds yield around 4.5%, which is competitive within the renewable energy sector. Recent developments have included restructuring plans that may impact future bond performance, reflecting the company's proactive approach to optimizing financial stability amid evolving market conditions.