SOLAR ENERGY CO. SUNEDISON BUYING WIND POWER CO.

The Associated Press

Solar energy company SunEdison is adding some wind-fueled power to its business with a deal worth up to $2.4 billion.

The St. Peters, Missouri-based company and its publicly traded subsidiary, TerraForm Power Inc., say they are buying First Wind for $1.9 billion now and $510 million in payments if First Wind completes certain projects.

First Wind is a Boston-based independent energy company operating or building projects in the Northeast, West and Hawaii.

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The deal is expected to close in the first quarter.

SunEdison Inc. develops and operates solar power plants. Its shares are up 8 percent to $17.95 in after-hours trading. TerraForm’s shares gained 1.2 percent to $26.15.

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