TerraForm Power Reports First Quarter 2019 Results
TERRAFORM POWER (TERP)
Last terraform power earnings: 3/17 06:50 am
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US:NASDAQ Investor Relations:
ir.terraform.com/phoenix.zhtml?c=253464&p=irol-irhome
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Source: GlobeNewswire
NEW YORK, May 09, 2019 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter ended March 31, 2019. Recent Highlights Generated cash available for distribution ("CAFD") of $44 million compared to $23 million in the same period of the prior year Successfully transferred 10 of 16 projects in our North American wind fleet and all system control functions to General Electric (“GE”), and anticipate turning over the remaining sites to GE by July 2019, which is expected to yield approximately $20 million in annual cost savings on a run rate basis Transitioned operations for our 540 MW Spanish wind fleet to the original equipment manufacturers ("OEMs") and agreed to amend existing operations and maintenance ("O&M") agreements in Portugal and Uruguay, which together we expect will yield approximately $4 million in annual cost savings; in process of finalizing long term service agreements (“LTSAs”) Generated approxim
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