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SunEdison sells US$1b of assets following bankruptcy

Company's debt-induced collapse enables competitors to strengthen their positions or enter new markets

Published Thu, Apr 13, 2017 · 09:50 PM

New York

THE spectacular failure of what was once the world's biggest renewable-energy company has turned into a smorgasbord of wind and solar farms being gobbled up by infrastructure investors, clean-power developers and even a football team.

Since filing the largest US bankruptcy of 2016, SunEdison Inc has hosted the biggest sale of renewables assets. It has shed at least US$1 billion of assets from Southern California to Chile to India - some through record-breaking deals - including projects that would have died without new owners.

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