SunEdison Caps Wild 2015 Ride With Deals Boosting Balance Sheet
- Company swapping equity for $336 million in exchangeable notes
- Buying, and immediately selling, stake in Dominion solar farms
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It’s been a wild year for SunEdison Inc.
The world’s biggest clean energy company climbed 53 percent in value in the first half of the year, buoyed by plans to add wind turbines and solar panels on six continents. The shares plunged 83 percent in the second half as investors began raising questions about SunEdison’s increasingly complex corporate structure and how it planned to pay for all those power plants.