TerraForm Energy
TerraForm Power is a Brookfield Renewable-affiliated owner and operator of 2,200 MW of utility-scale wind, solar, and battery storage assets across 15 U.S. states and Ontario. It sells wholesale energy, retail electricity, development services, and RECs to utilities, ISOs, and commercial/industrial customers.
- Company typePrivate
- Founded2014
- HeadquartersBethesda, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What TerraForm Energy does
TerraForm Power Operating, LLC (branded as TerraForm Power or TerraForm Energy) is a renewable energy owner and operator headquartered in New York that runs a 2,200 MW North American fleet composed of 16 utility-scale wind facilities (1,600 MWac), 35 utility-scale and distributed-generation solar facilities (600 MWdc), and a 10 MW battery energy storage system on Maui, Hawai'i. Assets are registered across the major North American ISOs — PJM, MISO, SPP, ISO-NE, NY-ISO, ERCOT, CAISO, WECC, and IESO — spanning 15 U.S. states and Ontario, Canada. TerraForm is a controlled affiliate of Brookfield Renewable, which itself operates more than 19,000 MW globally and provides capital, an integrated operating platform, and shared development expertise.
The company monetizes its generation through four revenue streams: (1) wholesale energy sales via long-term offtake agreements and merchant market sales scheduled through a New York-based 24/7 trading and marketing desk; (2) retail electricity products sold to commercial and industrial customers through standardized, customizable contracts across seven U.S. regions; (3) renewable development services covering siting, permitting, financing, construction, repowering, and co-located storage; and (4) Renewable Energy Certificate (REC) sales, with over 2,000,000 MWh of RECs produced since 2006 — the company identifies as a leading U.S. REC producer. Pricing across all four streams is bespoke and negotiated rather than tier-listed publicly.
The go-to-market motion is enterprise field sales, organized by U.S. region and channel (wholesale vs. retail vs. development), with dedicated email and phone routes and direct sales coverage. The customer base divides into wholesale energy buyers (utilities, ISOs, corporates seeking PPAs), C&I retail customers, and REC buyers (public and private entities). Recent strategic emphasis is on expanding the development pipeline — evidenced by the March 2026 acquisition of the 1.56 GW Steward Creek Solar project in Illinois and the May 2025 acquisition of Sun Tribe Solar — alongside growing the BESS and repowering footprint to support 24/7 renewable supply.
TerraForm Energy firmographics
Firmographics- Name
- TerraForm Energy
- Legal name
- TerraForm Power Operating, LLC
- Website
- https://terraform.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TerraForm Power is a Brookfield Renewable-affiliated owner and operator of 2,200 MW of utility-scale wind, solar, and battery storage assets across 15 U.S. states and Ontario. It sells wholesale energy, retail electricity, development services, and RECs to utilities, ISOs, and commercial/industrial customers.
- Ownership category
- akta.pro rank
TerraForm Energy industry classification
Industry- Product category
- Renewable Power Generation
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Energy Storage Systems (BESS, Flywheels, Batteries) (HDABAKAC)
Keywords
Where TerraForm Energy is headquartered
LocationHeadquarters
- HQ city
- Bethesda
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TerraForm Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Wholesale Energy Sales: TerraForm Power sells electricity from its merchant and development portfolio of 100% renewable generation at wholesale level. Products include stand-alone RECs, bundled products (RECs paired with power), and utility-scale projects with power purchase agreements. Revenue is generated through long-term contracted offtake agreements as well as merchant market sales. Power is scheduled, dispatched, and transmitted through the company's trading desk.
- Retail Power Solutions: Provides 100% local renewable retail electricity products to commercial and industrial customers through simple, standard retail electricity service contracts. Customers can customize contracts by term, pricing structure, and REC inclusion, enabling easy integration into existing energy management and procurement processes.
- Renewable Development Services: Manages all aspects of project development including siting, permitting, planning, financing, construction, and asset operations. Specializes in repowering existing renewable energy systems and co-locating additional renewable energy sources and storage solutions.
- Renewable Energy Certificates (RECs): Generates and sells renewable energy certificates (RECs) produced from its wind, solar, and storage facilities. As a leading U.S. REC producer, the company helps customers meet renewable energy goals and reduce carbon footprints by selling RECs alongside or separately from physical power.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
TerraForm Energy product offering
Product offeringCore offering
TerraForm Energy (operating as TerraForm Power) owns and operates a 2,200 MW portfolio of utility-scale wind, solar photovoltaic, and battery energy storage assets across North America, and sells the generated electricity and associated renewable energy certificates (RECs) through wholesale offtake agreements, retail power contracts, and bespoke bundled products to utilities, ISOs, corporates, and C&I customers.
Product overview
TerraForm Power is a renewable energy owner and operator offering a diversified portfolio of energy products and services. The core offerings include utility-scale wind (16 facilities, 1,600 MWac), solar (35 facilities, 600 MWdc), and battery storage (10 MW) assets across North America. The company operates under Brookfield Renewable and provides wholesale energy solutions (standalone RECs, bundled RECs with power, PPA projects), retail power solutions for commercial and industrial customers, and renewable development services spanning project conception through operation. The company also produces Renewable Energy Certificates (RECs) as a key product offering.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Energy Facilities Utility-scale wind generation assets producing emission-free electricity for wholesale and retail supply. The portfolio includes 16 utility-scale wind facilities across the U.S. and Canada with 1,600 MWac installed capacity.
- Solar Energy Facilities Utility-scale and distributed generation solar PV facilities producing clean electricity. The portfolio includes 35 solar facilities across the U.S. and Canada with 600 MWdc installed capacity, serving wholesale buyers, businesses, and homes.
- Battery Energy Storage Systems (BESS) Co-located and stand-alone battery energy storage assets storing excess generation for deployment during high demand periods, supporting grid reliability. Includes a 10 MW battery on Maui, Hawai'i, with additional BESS development across the existing footprint.
- Wholesale Energy Solutions Bespoke wholesale renewable energy products for utilities, ISOs, and corporate buyers, including standalone RECs, bundled products (RECs paired with power), utility-scale projects with power purchase agreements (PPAs), and renewable energy firming and shaping products, supported by a New York-based 24/7 trading and marketing desk.
- Retail Power Solutions 100% local renewable retail electricity products for commercial and industrial customers, sourced from hydropower, wind, solar, and storage facilities in the customer's region. Offered via standard retail electricity service contracts with customizable term, pricing structure, and REC inclusion.
- Renewable Development Services End-to-end renewable energy project development services from siting, permitting, and planning through financing, construction, and operations. Includes repowering of existing renewable energy systems and co-locating additional renewable energy sources and storage solutions.
- Renewable Energy Certificates (RECs) Renewable Energy Certificates generated and sold by TerraForm Power, enabling public and private entities to meet renewable energy goals and reduce carbon footprint. Sold alongside or separately from physical power to wholesale and retail buyers.
Quantifiable outcome
- 2.5 million metric tons of CO2-equivalent avoided emissions annually
- +4 more outcomes
Companies that use TerraForm Energy
Customer profileSegments3 records
Ideal customer profiles3 records
TerraForm Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
TerraForm Energy partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights6 records
TerraForm Energy competitors and assessment
Company assessmentDirect peers
- NextEra Energy Partners: Yieldco/limited partnership that owns contracted renewable energy assets in North America. Direct comparable as a publicly traded renewable IPP with wind and solar generation contracted through long-term PPAs.
- Northland Power: Canadian power producer with utility-scale wind, solar, and natural gas assets across North America and globally. Comparable as a multi-technology renewable IPP with development pipeline.
- Brookfield Renewable Partners: Parent-affiliated platform and one of the world's largest publicly traded renewable power companies with 19,000+ MW globally. Direct peer given the shared asset base, capital backing, and overlapping IPP strategy.
- Atlantica Sustainable Infrastructure: Sustainable infrastructure company owning contracted renewable energy and other assets in North America, South America, and EMEA. Comparable as a yield-style renewables IPP with long-term contracted cash flows.
- Clearway Energy: Renewable energy IPP owning and operating utility-scale wind and solar generation across the U.S. Closely comparable business model with a contracted renewables portfolio and similar wholesale offtake structure.
- Boralex: Quebec-based renewable IPP with wind, solar, hydroelectric, and storage assets across North America and Europe. Directly comparable as a multi-technology renewables owner-operator with development pipeline.
- Innergex Renewable Energy: Canadian renewable energy IPP operating hydro, wind, and solar facilities across North America (including Ontario). Comparable as a multi-technology renewables operator with long-term contracted cash flows.
- Hannon Armstrong Sustainable Infrastructure: Capital and asset management platform focused on climate solutions including renewable energy. Comparable as a financier/owner of U.S. renewable energy projects with similar investor base overlap.
Broad incumbents
- AES Corporation: Diversified global power company with significant renewable energy generation, including utility-scale wind, solar, and battery storage. Comparable as a larger incumbent in the same renewable IPP category with broader thermal exposure.
- ENGIE: Global utility and renewable energy developer with major wind, solar, and storage portfolios. Comparable as a broad incumbent competing for renewable development and PPA customers in overlapping geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TerraForm Energy social profiles
Digital presenceTerraForm Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
TerraForm Energy leadership team
Management profileNumber of profiles
Profiles8 records
TerraForm Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TerraForm Energy M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TerraForm Energy
What does TerraForm Energy do?
TerraForm Energy (operating as TerraForm Power) owns and operates a 2,200 MW portfolio of utility-scale wind, solar photovoltaic, and battery energy storage assets across North America, and sells the generated electricity and associated renewable energy certificates (RECs) through wholesale offtake agreements, retail power contracts, and bespoke bundled products to utilities, ISOs, corporates, and C&I customers.
Is TerraForm Energy a public or private company?
TerraForm Energy is a private company. It is classified as corporate owned and is currently operating.
When was TerraForm Energy founded?
TerraForm Energy was founded in 2014. It employs 51 to 100 people.
Where is TerraForm Energy based?
TerraForm Energy is headquartered in Bethesda, United States, in the North America region.
How does TerraForm Energy make money?
Four revenue lines are on record. Wholesale Energy Sales are the primary driver. The others are retail Power Solutions, renewable Development Services and renewable Energy Certificates (RECs).
Who are TerraForm Energy's main competitors?
Direct peers on record are NextEra Energy Partners, Northland Power, Brookfield Renewable Partners, Atlantica Sustainable Infrastructure, Clearway Energy, Boralex, Innergex Renewable Energy and Hannon Armstrong Sustainable Infrastructure. Broad incumbents are AES Corporation and ENGIE.
Does TerraForm Energy have an API?
No public API is recorded for TerraForm Energy.
What industry is TerraForm Energy in?
TerraForm Energy's product category is Renewable Power Generation. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAMAFAK, Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance). Its NAICS code is 221114 and its SIC code is 4991.