SunEdison has filed for bankruptcy under chapter 11 of bankruptcy protection last week. Though it has mentioned that its subsidiaries, called Yield Companies (explained later) TerraForm Power and TerraForm Global are not included, there is some systemic risk is associated with it. SunEdison listed $16.1 Billion as its liabilities and $20.7 Billion as its assets. What they do? Sun Edison is organised in four business segment: Renewable Energy development, Renewable Energy Operating Systems, TerraForm power and TerraForm Global. Renewable Energy development segment develops, constructs and finance solar and wind projects. This segment also manufactures and subcontracts silicon wafers and solar module assembly respectively. The renewable Energy operating systems operates power generation projects. TerraForm Power owns and operates clean power generation assets in developed countries TerraForm global performs the same functionalities as that of TerraForm Power but owns and operates the assets based in emerging markets. TerraForm Power and TerraForm Global are subsidiary “YieldCos”. … (Read On…)
[via Capital Mind]
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