[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]



LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

One bad blade at wind farm wipes out $6 million for TerraForm  

Credit:  By Brian Eckhouse | Bloomberg | May 2, 2018 | www.bloomberg.com ~~

A single faulty blade at an Ontario wind farm proved costly for TerraForm Power Inc.

When the part failed in January at the company’s Raleigh wind farm, TerraForm took 70 turbines that used the same type of blade out of service to identify the problem. That ate up about $6 million in cash that otherwise would have been available for distribution to shareholders, TerraForm said in a statement Tuesday after the close of regular trading.

TerraForm, a renewable-energy company controlled by Brookfield Asset Management Inc., reported first-quarter revenue of $127.5 million. That missed the $146.4 million average of eight analysts’ estimates compiled by Bloomberg.

TerraForm shares slipped 2.3 percent to $10.85 at 11:44 a.m. in New York, after earlier declining as much as 3.3 percent, the most intraday since March 19.

Source:  By Brian Eckhouse | Bloomberg | May 2, 2018 | www.bloomberg.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:

Tag: Accidents


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

 Follow: