odyd

TerraForm Global (GLBL)

258 posts in this topic

I do not consider this a problem. I prefer SUNE put own assets rather than buying others. If price is fair. Market does not like it.

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7 minutes ago, odyd said:

Reuters reports Brazil deal is off. Not sure what deal is this perhaps Renova,

 Canadian could get some space from this if true

http://www.reuters.com/article/2015/12/01/brazil-power-terraform-global-idUSE6N12D06Y20151201#IoRmZfOwYhCPehLS.97

 

Wow. Good for them to back away if market conditions are not good. Who was selling? $3.45b is a big deal..

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I think it is Renova valued at $4B recently. This means Renova could be looking for partner for PPAs its won. This partner is conveniently available CSIQ. I do not think market conditions are bad, SUNE is weak and getting into escapades in Brazil is bad while having opportunities in the US

Not sure if Global was involved maybe in the long stretch via association to Renova original acquisition.

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