25 Jul '16, 7am

SunEdison’s stake in TerraForm Power gets joint bidders: Bankrupt renewables firm SunEdison has received offi...

SunEdison’s stake in TerraForm Power gets joint bidders: Bankrupt renewables firm SunEdison has received offi...

Existing yieldco shareholders, US hedge fund Appaloosa Management and Canadian asset management firm Brookfield Asset Management, partially through its newly established US$14 billion infrastructure fund (Brookfield Infrastructure Fund III), jointly own nearly 22% of the class A shares. Image: SunEdison Bankrupt renewables firm SunEdison has received official interest in purchasing all class ‘A’ series share holding in yieldco, TerraForm Power. Existing yieldco shareholders, US hedge fund Appaloosa Management and Canadian asset management firm Brookfield Asset Management, partially through its newly established US$14 billion infrastructure fund (Brookfield Infrastructure Fund III), jointly own nearly 22% of the class A shares. Appaloosa had previously been highly vocal over the performance and behaviour of former SunEdison executives, notably in its dealings with TerraForm...

Full article: http://www.pv-tech.org/news/sunedisons-stake-in-terraform...

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Renewable Energy World (North America Edition)