TerraForm Power Announces 20% Increase of Quarterly Dividend to $0.27 Per Share

BELTSVILLE, Md., Dec. 22, 2014 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq:TERP) today announced that its Board of Directors declared a quarterly dividend for the fourth quarter on the Company's Class A common stock of $0.27 per share, or $1.08 per share on an annualized basis. This reflects a 20% increase over the third-quarter dividend of $0.2257 per share, or $0.90 per share on an annualized basis. The fourth-quarter dividend is payable on March 16, 2015 to shareholders of record as of March 2, 2015.

TerraForm Power's third-quarter dividend was prorated to $0.1717 to adjust for a partial quarter (the Company closed its Initial Public Offering of shares on July 23, 2014.)

"The 20% increase in our fourth quarter dividend is a direct result of TerraForm Power's continued strong performance and execution against strategy, including the closings of the Capital Dynamics and Hudson Energy Solar acquisitions as well as accelerated drop downs from SunEdison," said Carlos Domenech, President and Chief Executive Officer of TerraForm Power. "With the recently announced acquisition of First Wind and significant project wins by SunEdison, we continue to be well positioned to expand our high quality portfolio and meet our dividend growth objectives for our shareholders."

About TerraForm Power

TerraForm Power is a renewable energy leader that is changing how energy is generated, distributed and owned. TerraForm Power creates value for its investors by owning and operating clean energy power plants. For more information about TerraForm Power, please visit: http://www.terraform.com.

Forward-Looking Statements

Certain matters discussed in this press release are forward-looking statements, including our ability to expand our portfolio and meet dividend growth objectives. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include delays or interruptions in construction of power plants; the timely availability of required permits and authorizations for projects from governmental entities and third parties; changes in applicable regulatory requirements and incentives for production of solar power; the timing of future drop-downs from SunEdison, Inc. and other risks described in the filings of SunEdison, Inc. and TerraForm Power with the Securities and Exchange Commission. These forward-looking statements represent the companies' judgment as of the date of this press release. The companies disclaim, however, any intent or obligation to update these forward-looking statements.

CONTACT: TerraForm Power Contact Information

         Media:
         Bruce DunbarTerraForm Powerbruce.dunbar@finsbury.com
         +1 (646) 805-2070

         Investors/Analysts:
         Brett PriorTerraForm Powerbprior@terraform.com
         +1 (650) 889-8628