D.E. Shaw proposes to replace SunEdison as TerraForm Power sponsor: Reuters
U.S. hedge fund D.E. Shaw and Co has made a non-binding proposal to replace SunEdison Inc as the operating sponsor of TerraForm Power Inc, an "yieldco" created by the bankrupt solar company, Reuters reported. Canada's Brookfield Asset Management and U.S. hedge fund Appaloosa Management have also shown interest in buying SunEdison's stake in TerraForm Power. Once the fastest-growing U.S. renewable energy company, SunEdison filed for Chapter 11 bankruptcy protection in April after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable.
25 October 2016•2 mins read
