25 Jul '16, 11am

SunEdison confirms plans to sell controlling ownership in yieldcos

SunEdison confirms plans to sell controlling ownership in yieldcos

John S. Dubel, CEO of SunEdison, said: "This is a collaborative undertaking, marking the next step in SunEdison's chapter 11 process as we explore restructuring options including whether to monetize our interests in TerraForm Power and TerraForm Global." Image: SunEdison 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 units. SunEdison said in a brief statement that it would work with the yieldcos ‘through a jointly managed sales process and accompanying marketing protocol,’ related to the Class B shares, which would ultimately separate the yieldco’s from the Chapter 11 company. John S. Dubel, CEO of SunEdison, said: "This is a collaborative undertaking, marking the next step in SunEdison's chapter 11 process ...

Full article: http://www.pv-tech.org/news/sunedison-confirms-plans-to-s...

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