Deals
SunEdison to Hand Solar Farms Right Back to the Previous Owners
- Developer is the worst-performing clean-energy company
- Partially reverses `transformative' First Wind deal, cuts debt
This article is for subscribers only.
If this has a familiar ring, it ought to.
In January 2015, SunEdison Inc. bought 2.1 gigawatts of wind and solar assets, part of the company’s multibillion-dollar, six-continent push to become the world’s biggest clean-power developer. A year later, SunEdison is planning to hand four of those solar projects right back to the previous owners in a deal that will let it wipe out $336 million in debt.