Dubai Electricity and Water Authority has received yet another record-breaking bid for expansion of the iconic Mohammed bin Rashid Al Maktoum Solar Park, the lowest solar price bid in history, for an 800 MW solar PV project that expands on 213 MW. Dubai Electricity and Water Authority (DEWA) had floated … [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]
UK-based green energy company Ecotricity has announced it has acquired SunEdison’s UK residential solar rooftop business. Ecotricity, a leading green energy company in the UK, announced that it had acquired SunEdison’s residential solar business on the same day that SunEdison has announced it filed for bankruptcy in the US. SunEdison … [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]
Embattled renewable energy company SunEdison has confirmed that it has entered into discussions over a potential debtor-in-possession financing solution to its financial woes. Much has already been written about the company’s financial issues, which most recently saw its shares crash as rumors of a potential bankruptcy filing surfaced. In an … [continued]
A self-audit conducted by troubled renewable energy developer SunEdison found the company clear of any wrongdoing, other than issues with an optimistic in-house culture. SunEdison has been in hot water for several months now, and is rumored to likely file for bankruptcy soon. Over the past year and a half, … [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]
Originally published on Cleantechies.com. SunEdison may be planning to sell off a large portion of its renewable energy projects pipeline in India in order to fight the huge debt on its balance sheet. According to Indian media reports, SunEdison may be planning to offload its 1,490 MW assets in India. … [continued]
In Cleantech Talk #23, Matthew, Kyle, and I talked about the coming Tesla Model 3 unveiling and a solar farm being built on land where a coal plant once lived. The solar power plant is supposed to be built by SunEdison… but given SunEdison’s currently shaky position, we discuss options should SunEdison have … [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]
