TerraForm Power Completes Hudson Energy Solar Portfolio Acquisition

BELTSVILLE, Md., Nov. 6, 2014 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. TERP has completed its acquisition of the operating portfolio of Hudson Energy Solar Corporation, effective November 4. Hudson Energy Solar is a subsidiary of Just Energy Group, Inc. JE.

"With the closing of TerraForm Power's first third-party acquisition, we have created additional momentum for our growth strategy," said Carlos Domenech, TerraForm Power's Chief Executive Officer. "These 101 projects, comprising 25.5 MWp of U.S. commercial and industrial assets, are an important addition to our operating portfolio, enhance our ability to deliver value to our shareholders, and further our leadership position in the fast growing distributed generation segment."

About TerraForm Power

TerraForm Power TERP is a renewable energy leader that is changing how energy is generated, distributed and owned. TerraForm Power creates value for its investors by owning and operating renewable energy power plants. For more information about TerraForm Power, please visit: http://www.terraform.com.

Forward-Looking Statements

Certain matters discussed in this press release are forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include delays or interruptions in construction of power plants; the timely availability of required permits and authorizations for projects from governmental entities and third parties; changes in applicable regulatory requirements and incentives for production of solar power; and other risks described in the filings of SunEdison and TerraForm Power with the Securities and Exchange Commission. These forward-looking statements represent the companies' judgment as of the date of this press release. The companies disclaim, however, any intent or obligation to update these forward-looking statements.