The Canadian asset management firm has bought into a D.E. Shaw portfolio of assets in eight U.S. states.
The Arizona-headquartered solar power company wants to strategically align its resources to support its new Series 6 module, and thus seeks sale of its stake in the joint SunPower yieldco. SunPower reaffirms belief that the yieldco can deliver long-term assets and growth.
In the seemingly unending saga that is the bankruptcy of SunEdison, its official committee of unsecured creditors filed objections to the plans to sell its shares in its two yieldcos, TerraForm Power and TerraForm Global.
Through no fault of its own, the energy-storage manufacturer revealed on its most recent earnings call that the continuing SunEdison fiasco cost it $500 million in revenue in 2016 – but it lived to tell the tale.
A subpoena from the federal financial regulator adds to an ongoing Department of Justice investigation in the list of the company’s legal troubles.
The agreement removes a key hurdle to the carving up of SunEdison’s empire.
The SunEdison roadshow continues as GCL-Poly move in and TerraForm Power holds on to staff, while the SolarCity-Tesla merger trundles onwards despite a few unexpected bumps in the road.
The Chinese polysilicon and PV maker will buy three of SunEdison’s manufacturing businesses involved in polysilicon production up until cell production, amid rumors that it is also planning to make a bid for SunEdison’s controlling stake in TerraForm Power.
The carving up of SunEdison’s holdings has formally begun.
Chile’s largest mining group is taking the bankrupt renewable energy developer to court, alleging that the Amanecer PV plant is not producing the contracted output.
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