About TerraForm Power
TerraForm Power is an Energy & Utilities company based in New York (United States) founded in 2014, and was acquired by Brookfield Asset Management in March 2017. Independent power producers and investors. TerraForm Power has raised $335 million across 8 funding rounds from investors including Brookfield Asset Management and Capricorn Investment Group. TerraForm Power has completed 3 acquisitions, including First Wind, Saeta Yield and Sun Tribe. Its chief executive, as recorded, is John Stinebaugh. Its Indian entity Terraform Global India Private Limited reported revenue of ₹2.31 Cr. TerraForm Power offers products and services including Renewable Energy Solutions, Wind Facilities, and Solar Facilities. Its focus areas include Energy, Wind Energy, Independent Power Producer and Multi-Scale. Its competitors include NextEra Energy and Cypress Creek Renewables; 1 of its 2 listed competitors has raised funding.
Company details
TerraForm Power was founded in 2014 and is listed on NASDAQ as an independent power producer. Renewable energy assets, including solar and wind facilities totaling over 2,600 MW, are owned and operated primarily in the United States. Investments in additional solar and wind projects are managed through its majority shareholder, Brookfield Asset Management, with headquarters in New York.
- Headquarters New York, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website terraformpower.com
- Social LinkedIn
- Acquired by Brookfield Asset Management (Mar 2017)
- Legal Name Terraform Power Operating, Llc
- Date of Incorporation 16 Sep, 2016
- Indian entity revenue₹2.31 Cr
FY 2025 · -65% YoY
- Indian entity net loss-₹4.97 Cr
FY 2025 · -215% margin
- Indian entity EBITDA-₹4.96 Cr
FY 2025 · -215% margin
- Total Equity Funding$335M (USD)
in 8 rounds
- Latest Funding Round$700M (USD), Debt – Conventional
Oct 2019
- InvestorsBrookfield Asset Management
& 1 more
- Investments & AcquisitionsFirst Wind
& 2 more
- Acquired byBrookfield Asset Management
(Mar 2017)
Associated legal entities of TerraForm Power
TerraForm Power operates through Terraform Global India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Terraform Global India Private Limited CIN U40300MH2016FTC331310 | Active | 16 Sep 2016 | Mumbai, Maharashtra | ₹2.3 Cr | 15 | 3 | View details |
Products & Services of TerraForm Power
TerraForm Power offers a comprehensive portfolio of products and services, including Renewable Energy Solutions, Wind Facilities, and Solar Facilities.
Provides wind and solar assets for sustainable power generation
Operates utility-scale wind farms for renewable power
Manages solar projects for clean energy production
Funding Insights of TerraForm Power
TerraForm Power has successfully raised a total of $335M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $700 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $335M
- Total Rounds 8
- Last Round Debt – Conventional — $700M
- First Round $65M
(Jul 2014)
- Investors Count 1
All 8 funding rounds of TerraForm Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2019 | $700M | Debt – Conventional | – | – | – |
| Jun 2018 | $650M | Post-IPO | – | – | – |
| Feb 2018 | $400M | Debt – Conventional | – | – | – |
| Jun 2015 | $335M | Private Equity Round | – | – | |
| May 2015 | $175M | Post-IPO | – | – | – |
| May 2015 | $1.02B | Debt – Conventional | – | – | – |
| Nov 2014 | $350M | Post-IPO | – | – | – |
| Jul 2014 | $65M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in TerraForm Power
TerraForm Power has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Capricorn Investment Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
Sustainable investment solutions are provided by Capricorn Investment Group. | capricornllc.com | Palo Alto, United States |
Investor details for TerraForm Power
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Board of directors of Terraform Global India Private Limited (TerraForm Power)
Terraform Global India Private Limited is the primary company behind TerraForm Power. The board of Terraform Global India Private Limited currently have 3 directors; the longest-serving is Shanmugakumar Gomathinayagam, appointed in 2018. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shanmugakumar Gomathinayagam DIN 08208805 | Director | 31 Aug 2018 | 8 yrs 2 mo | Terraform Global India Private Limited |
| Ajay Aggarwal DIN 07588698 | Director | 13 Jun 2022 | 4 yrs 4 mo | Terraform Global India Private Limited |
| Shagun Kumar DIN 10155846 | Director | 08 Sep 2023 | 3 yrs 2 mo | Terraform Global India Private Limited |
People of TerraForm Power
1 people are tracked at TerraForm Power (1 in leadership).
| Name | Role | Group |
|---|---|---|
John Stinebaugh | CEO | Leadership |
Complete people profiles for TerraForm Power
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Financials of TerraForm Power
Figures of Terraform Global India Private Limited, the primary company behind TerraForm Power, for FY 2025. Revenue was ₹2.31 Cr (-65% year on year). Net loss was -₹4.97 Cr (-215% margin). EBITDA was -₹4.96 Cr (-215% margin). Revenue has grown at a compounded annual rate of -57% over three years and -39% over five years.
- ₹2.31 CrRevenue · FY 2025 · -65% YoY
- -₹4.97 CrNet loss · -215% margin
- -₹4.96 CrEBITDA · -215% margin
- ₹1 LakhPaid-up capital
- 15Employees (provident fund records)
- -57%Revenue CAGR, 3 years
- -39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Terraform Global India Private Limited are on its company page.
Detailed financial statements for TerraForm Power
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Investments & Acquisitions by TerraForm Power
TerraForm Power has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include First Wind, Saeta Yield and Sun Tribe.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of solar energy projects | suntribesolar.com | Charlottesville, United States | 2016 | May 2025 | •••• | |
Investments are made in stable energy infrastructure assets. | saetayield.com | Madrid, Spain | 2009 | Jun 2018 | $1.2B | |
Wind farms are developed, owned, and operated across North America. | firstwind.com | Boston, United States | 2002 | Nov 2014 | $2.4B |
Complete acquisition details for TerraForm Power
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Timeline of TerraForm Power
8 dated milestones of TerraForm Power across 11 years, from founding to its latest funding, stage changes and deals.
- Founded TerraForm Power is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $65.0M.
- Acquisition Acquires First Wind.
- Exit Acquired by Brookfield Asset Management.
- Acquisition Acquires Saeta Yield.
- Funding Latest funding round, Debt – Conventional, of $700.0M.
- Acquisition Acquires Sun Tribe.
Competitors of TerraForm Power
TerraForm Power has 2 listed competitors in our database, 1 of them funded. They include NextEra Energy and Cypress Creek Renewables.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nexteraenergy.com | 1925 | Juno Beach, United States | 9,500 | Developer of energy solutions | ||
| ccrenew.com | 2014 | Santa Monica, United States | $200M | 294 | Solar farms are owned, developed, and financed in the USA. |
Detailed competitors of TerraForm Power
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as TerraForm Power (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Terraform Power
Complete news archive for TerraForm Power
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Frequently Asked Questions about TerraForm Power
TerraForm Power was founded in 2014.
TerraForm Power is headquartered in New York, United States. It is registered at New York, New York, United States.
John Stinebaugh is the CEO of TerraForm Power, as recorded in our data.
TerraForm Power is a funded company, having raised a total of $335M across 8 funding rounds to date. The company's 1st funding round was a Post-IPO of $65M, raised on Jul 2014.
The primary company behind TerraForm Power, Terraform Global India Private Limited, reported revenue of ₹2.31 Cr for FY 2025, down 65% year on year.
TerraForm Power was founded in 2014 and is listed on NASDAQ as an independent power producer. Renewable energy assets, including solar and wind facilities totaling over 2,600 MW, are owned and operated primarily in the United States. Investments in additional solar and wind projects are managed through its majority shareholder, Brookfield Asset Management, with headquarters in New York.
TerraForm Power's top competitors include NextEra Energy and Cypress Creek Renewables.
TerraForm Power offers Renewable Energy Solutions, Wind Facilities, and Solar Facilities.
TerraForm Power has made 3 acquisitions, including First Wind, Saeta Yield, and Sun Tribe.
TerraForm Power has 2 investors. Key investors include Brookfield Asset Management, and Capricorn Investment Group.
TerraForm Power operates through Terraform Global India Private Limited.
Yes. TerraForm Power was acquired by Brookfield Asset Management in March 2017.