Bankrupt renewables firm SunEdison has confirmed that it will collaborate with its two yieldco companies, TerraForm Power and TerraForm Global to hopefully sell and monetize its controlling Class ‘B’ shares in both companies.
The solar segment is not short of new hires and comings and goings, with solar industry stakeholders responding to the shifts in a dynamic global market. In our inaugural Movers & Shakers segment, PV Tech attempts to bring the industry back to its roots and rounds up key career moves of the last fortnight.
SunEdison yieldcos TerraForm Power and TerraForm Global have amended agreements with key lenders to allow them more time to file their financial results and audit.
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.
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.
