March 29, 2017 11:26 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Sun Edison LLC

Company Overview

Sun Edison LLC manufactures solar technology products including solar modules and ground mount structures and provides solar energy services. It develops, finances, installs, and operates distributed solar power plants worldwide to deliver electricity and services to residential, commercial, government, and utility customers; and provides asset management, monitoring, and reporting services for solar systems worldwide through the company's renewable operation center. The company also offers intelligent energy solutions, solar electric and solar hybrid products, solar modules and ground mount structures, hybrid and rural electrification solutions, semiconductor wafer products, and services fo...

600 Clipper Drive

Belmont, CA 94002

United States

Founded in 2003

Phone:

650-453-5600

Fax:

443-909-7150

Key Executives for Sun Edison LLC

Chief Executive Officer, President and Director
Age: 49
Chief Financial Officer and Executive Vice President
Age: 43
Chief Executive Officer of TerraForm Power and President of TerraForm Power
Age: 45
President of Asia Pacific
Senior Vice President, General Counsel and Secretary
Age: 39
Compensation as of Fiscal Year 2016.

Sun Edison LLC Key Developments

Motion for Asset Sale Approved for SunEdison, Inc.

The US Bankruptcy Court gave an order approving the sale of certain of SunEdison, Inc. on February 6, 2017. The debtor has been authorized to sell its certain assets to Complete Solar Inc. Under the terms of the agreement, the buyer shall pay a guaranteed minimum amount of $0.40 million and maximum combined, aggregate consideration not to exceed $1.3 million. The debtor’s assets include Solar Equipment of PVT Solar Inc., Team Solar Inc., NVT Licenses LLC, and SunEdison Residential Services LLC.

Motion for Asset Sale Approved for SunEdison, Inc.

US Bankruptcy Court gave an order approving the sale of the subsidiaries of SunEdison, Inc. on February 1, 2017. The debtor has been authorized to sell its subsidiaries to Fresh Air Energy II, LLC, pursuant to an asset purchase agreement. Under the terms of the agreement, the buyer shall deposit $12 million into an escrow account and make an upfront payment of $3 million .The debtor’s assets include Minnesota project companies. Louis Chiappetta and James Mazza of Skadden, Arps, Slate, Meagher & Flom LLP represented the debtor as legal advisors.

Motion for Asset Sale Approved for SunEdison, Inc.

The US Bankruptcy Court gave an order approving the sale of certain of SunEdison, Inc. on January 26, 2017. The debtor has been authorized to sell its certain assets to FTC Solar Inc. for a purchase price of $6 million. Under the terms of the agreement, the buyer shall pay $5.25 in cash at the closing and deposit the outstanding balance of $0.75 million with an escrow agent pursuant to the Escrow Agreement. The debtor’s assets include 53 MW solar photovoltaic modules inventory and certain assets related to the business of engineering, procurement and construction management in solar energy development and services.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 8, 2016
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