Missouri-based solar-power developer SunEdison aims to become one of the country's leading alternative-energy providers with its $2.4-billion acquisition of Boston wind-energy giant First Wind, completed on Jan. 29.
The deal is SunEdison's first involving wind energy. In the transaction, the firm and one of its operating units, TerraForm Power, purchased 500 MW of operating wind powerplants and 21 MW of operating solar powerplants from First Wind.