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Brookfield to acquire TerraForm companies amid green power investment push Add to ...

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Brookfield Asset Management Inc. is bringing its trademark operating style to green power businesses shaken by a backer in bankruptcy protection, the latest large Canadian investor to boost its stake in alternative energy.

The Toronto-based asset manager said on Tuesday it would invest $1.4-billion (U.S.) in two renewable-energy companies, helping to separate them from beleaguered Missouri-based solar company SunEdison Inc., which is in the process of restructuring. Brookfield’s large, and long-awaited, deals to invest in solar and wind operators TerraForm Power and TerraForm Global come as Canadian institutional investors look to buy renewable-power assets.

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