TerraForm increases electricity yield and reduces losses
Post date: 18/03/2019 - 11:02
US renewable energy project developer and operator TerraForm Power Inc has presented its results for Q4 and full year 2018. The volume of electricity generated in 2018 amounted to 8.09 TWh, 12.8 percent more than in the previous year (7.17 TWh). Net loss of $236 million recorded in 2017 was reduced to $153 million. Earnings before interest, taxes, depreciation and amortization (EBITDA, non-GAAP) were $590 million, an increase of 34.7 percent over 2017 ($438 million).
The most important business operation in 2018 was the purchase of Spanish Saeta Yield, S.A.U. with a solar and wind power portfolio of around one gigawatt for $1.2 billion.