26 Sep '16, 3pm

SunEdison yieldco’s chasing US$ billions in settlement claims with Chapter 11 parent https://t.co/nJszN42XBj

SunEdison yieldco’s chasing US$ billions in settlement claims with Chapter 11 parent https://t.co/nJszN42XBj

TerraForm Global has claimed similar issues but claims were estimated to be over US$2 billion. The two renewable energy yieldco subsidiaries of Chapter 11 bankrupt firm, SunEdsion are seeking over US$3 billion from its parent company over damages and sought settlement via discussions before heading to the courts. TerraForm Power has made claims against SunEdison that were said by the yieldco to be estimated to be in excess of US$1 billion. The claims include damages related to breach of SunEdison's obligations under the sponsorship arrangement and other agreements established as part of its previous IPO. TerraForm Global has claimed similar issues but claims were estimated to be over US$2 billion. “TerraForm Power has lost a large part of its enterprise value as a result of SunEdison’s catastrophic breach of its sponsorship and legal duties,” said Jack Stark, Chairman of t...

Full article: http://www.pv-tech.org/news/sunedison-yieldcos-chasing-us...

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