BlackRock Inc. has joined a list of potential buyers for TerraForm Power Inc., a holding company founded and controlled by bankrupt wind-and-solar energy giant SunEdison Inc., Bloomberg News reported yesterday. Funds of the New York-based firm are assessing the value of TerraForm Power’s assets to prepare for a bid. TerraForm Power, along with sister company TerraForm Global Inc., own wind and solar assets, some of which are operated by SunEdison. Both said earlier this week that they seek to sell their entire businesses, or operate independently. The two yieldcos are not in bankruptcy, and SunEdison owns a controlling stake in TerraForm Power through Class B shares. SunEdison, which has been selling off assets in chapter 11, said earlier in September that it had reached an agreement with TerraForm Power and TerraForm Global over when and how they would bring claims as part of the bankruptcy.
