Despite claims by the company and automatic acceptance by the mainstream media, SunEdison’s position as the ‘world's largest renewable energy developer’ almost came to fruition in 2015.
Difficulties in financing Indian solar projects with extremely low tariffs and the wobbling of major solar player SunEdison will not impact the long-term prospects of India’s PV market, according to two senior banking and finance representatives.
The Hawaii Public Utilities Commission are investigating the state’s largest utility, Hawiian Electric Co’s decision to cancel project contracts with embattled renewable energy company, SunEdison.
The financial woes of US developer SunEdison would only have a small impact on India’s overall solar deployment targets and any incomplete PV projects would be retendered immediately, Tarun Kapoor, joint secretary of India’s Ministry of New and Renewable Energy (MNRE) has told PV Tech.
TerraForm Global has sued its struggling parent company, SunEdison, accusing it of misappropriating funding meant for completing and transferring renewable energy projects in both India and Uruguay.
Embattled renewables firm SunEdison is said to be close to seeking bankruptcy protection, according to one of two subsidiary yieldcos, Terraform Global in an SEC filing.
