TerraForm Power, an affiliate of Brookfield Asset Management, announced the acquisition of Sun Tribe Development, a mid-sized utility-scale solar and storage developer based in Virginia. This transaction closed on May 15, 2025.
This acquisition initiates a new growth strategy for TerraForm Power, more than doubling its development pipeline to over 6,000 megawatts (MW) of solar and battery energy storage. Sun Tribe Development has a track record of over 800 MW of projects since 2019 and a pipeline of 4,100 MW across the Mid-Atlantic and Southeast U.S.
Mark Noyes, CEO and President of TerraForm Power, stated that this move will rapidly expand TerraForm Power’s footprint across the U.S. to meet the demand for domestically sourced clean power. The acquisition enhances TerraForm Power's position as a partner of choice for large buyers of clean energy.
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