SunEdison, a renewable energy company, said on Monday that it and its publicly traded power plant unit, TerraForm Power, would acquire Vivint Solar for about $2.2 billion in cash and securities.

The transaction is the latest for SunEdison and follows its agreement in November to buy First Wind, a leading developer and operator of wind farms, for $2.4 billion.

Under the terms of the deal, Vivint Solar stockholders will receive $16.50 a share in cash, shares and convertible debt, representing a 52 percent premium to its closing price on Friday.

“SunEdison’s acquisition of Vivint Solar is a logical next step in the transformation of our platform,” Ahmad Chatila, the SunEdison chief executive officer and the TerraForm Power chairman, said in a news release.