TerraForm Power and TerraForm Global, the two yieldcos set up by now-bankrupt SunEdison, are seeking billions in settlement claims from its parent company, in the hopes of avoiding having to take SunEdison to court. After months of silence from both yieldcos, the last fortnight has seen both TerraForm Power (Power) … [continued]
After filing for bankruptcy in April of this year, the world’s biggest coal miner, Peabody Energy, has plans to emerge from bankruptcy that, according to experts, will only lead it straight back into bankruptcy. Peabody Energy is the world’s largest private sector coal miner, but in April of this year … [continued]
Once one of the world’s largest solar PV manufacturers, China-based Yingli Green Energy Holding is inching ever closer to bankruptcy. Following many months of declining financial results, and corresponding decreases to the company’s share price, Yingli Green Energy has filed with the Securities and Exchange Commission (SEC) a request to … [continued]
After filing for bankruptcy almost a week ago, the fallout from SunEdison’s spectacular financial crash has begun to become apparent. After over a year of stunning financial misbehavior, SunEdison filed for bankruptcy last week — the first really big renewable energy company to run into such trouble. Since then, reports … [continued]
After months of rumors and over a year of catastrophic business dealings, SunEdison has filed for chapter 11 bankruptcy protection in the US. A Brief and Torrid History It’s been a long road since SunEdison announced its acquisition of First Wind back in November, 2014, in a deal worth $2.4 … [continued]
Peabody Energy, the world’s largest private sector coal miner, announced that it has filed for Chapter 11 bankruptcy protection. Amidst an industry which is reeling from low production and demand, and facing an upsurge in both gas and renewable energy electricity generation, the global coal industry has been waiting for its … [continued]
After an already spectacular crash on rumors of debt restructuring, SunEdison’s shares have tanked on news from the Wall Street Journal that the company will soon file for bankruptcy. We reported last week that rumors SunEdison was in talks with holders of its second-lien loans to fund a debtor-in-possession financing … [continued]
Once the world’s leading renewable energy developer, SunEdison’s fortunes have fallen like a rock, tied to a much larger rock, and are now facing the looming threat of bankruptcy. SunEdison’s woes have already been well covered — from its numerous failing transactions, to missing its Q4 & 2015 filing deadline, … [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]
The US Department of Energy is backtracking on President Obama’s 2011 State of the Union address aiming for 1 million electric vehicles in American driveways by 2015. The DOE stressed its continued goal of bringing down the cost of lithium-ion batteries from $650 per kilowatt hour to about $300 per kilowatt … [continued]
