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]
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States Securities and Exchange Commission, TerraForm Global confirmed that it was terminating an agreement that was originally made back in June of 2015 with Globeleq Mesoamérica Energy, Central America’s … [continued]
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 has announced another significant decision to re-address its balance sheet. SunEdison and its yieldco TerraForm Global have announced that they will not proceed with the plan to acquire a stake in Renova Energia, a renewable energy developer in Brazil. SunEdison had announced that it would purchase a 15.87% stake in Brazil’s … [continued]
In what seems to be an internal rejig to boost its balance sheet, global renewable energy project developer SunEdison has announced the sale of 425 MW solar power projects to its yieldco TerraForm Global. SunEdison confirmed, via a press release on 24 November that it will sell 425 MW worth of … [continued]
Originally published on Solar Love Despite a record third quarter delivery, the world’s largest global renewable energy development company, SunEdison, saw its stocks plummet 22%. SunEdison has been under intense pressure over the last six months to perform across all metrics, a task that shareholders do not believe the company … [continued]
SunEdison and its emerging markets yieldco, TerraForm Global, are relying on Latin America to bolster its pipeline. A week after GTM Research published its Q2 2015 Latin America PV Playbook, one of the company’s senior solar analysts has expounded on how the region is going to be a vital location for the … [continued]
Originally published on Solar Love. SunEdison has revealed that the IPO for its newest endeavour, TerraForm Global, raised $675 million for the new company. Originally announced back in May, TerraForm Global is SunEdison’s “emerging markets yieldco subsidiary,” which will be “formed to own and operate contracted clean power generation assets … [continued]
In a week with several big-name renewable energy companies releasing their first quarter earnings reports for 2015, SunEdison has outshone them all. Despite only steady Q1’15 results, SunEdison — the world’s largest renewable energy developer — also announced the acquisition of seven renewable energy portfolios in emerging countries, and the … [continued]
