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.