Struggling with a huge debt burden on its balance sheet, SunEdison may hope for some relief after a hedge fund showed interest in reviving its stranded solar power assets in Hawaii. New York-based hedge fund D.E. Shaw has reportedly expressed interest in 3 solar power projects owned by SunEdison in … [continued]
News that SunEdison is in talks with holders of its second-lien loans to fund a debtor-in-possession financing facility has spooked investors, causing the company’s shares to tank 25% by days’ end. We have already covered news of SunEdison’s dramatic downward trend over the past 9 months, which has culminated in … [continued]
TerraForm Global, SunEdison’s emerging markets yieldco, has cancelled a 326 MW portfolio deal in Central America. In a statement submitted to the United States Securities and Exchange Commission, TerraForm Global confirmed that it was terminating an agreement that was originally made back in June of 2015 with Globeleq Mesoamérica Energy, Central America’s … [continued]
Embattled global renewable energy development company SunEdison has failed to report and file its fourth quarter and full year financial results. SunEdison filed the news with the SEC and published an accompanying press release notifying that the company “is delaying the filing of its Annual Report on Form 10-K for … [continued]
Originally published on Sustainnovate. By Henry Lindon The Canadian province of Ontario’s Independent Electricity System Operator (IESO) recently awarded around 140 megawatts (MW) worth of new solar energy project contracts at a weighted average price of CAD$0.1567/kWh (US$0.12), according to recent reports. The roughly 140 MW worth of project capacity … [continued]
American solar energy company Vivint Solar reported across-the-board growth for its Q4’15 and FY’15 report, but things are still heading downhill for the company. On Monday, Vivint Solar revealed that it installed 230.7 MW in 2015, with a total of 58.6 MW in the fourth quarter. The total number of rooftop … [continued]
Once the world’s leading renewable energy developers, SunEdison, is now facing tumbling share prices and the demise of $10 billion in market value. Fourteen Months Of Pending Doom It was just over a year ago that SunEdison and its first yieldco, TerraForm Power, announced closure on the $2.4 billion acquisition … [continued]
SunEdison is expected to continue its selling spree, as it looks to offload equity interest in a landmark solar power project in India. According to media reports, SunEdison is planning to sell its equity stake in a 500 MW solar power project that it secured rights to develop in the … [continued]
SunEdison and a subsidiary of the state-owned Chinese company Jinneng Group, Jinergy Clean Energy Technology Company, are partnering for the creation of a 1.5 gigawatt integrated N-type mono-crystalline hetero-junction solar cell production facility in Shanxi Jinzhong Industrial Park, Shanxi, China, according to recent reports. The groundbreaking ceremony for the new … [continued]
Despite the recent US Supreme Court decision to delay (or possibly scupper) President Barrack Obama’s Clean Power Plan, the state of Oregon has apparently decided to press on with its own power plant reforms, according to recent reports. The West Coast state has passed a bill that will require the … [continued]
